Update
BNB Burn Rate Increases in October
BNB’s quarterly burn rate increased by 1.9% in October compared to July, while the disclosed dollar value of the burn rose by 28.5%. The BNB Foundation reported burning 1,646,196.44 BNB with an approximate value of $1.197 billion in October 19, compared to 1,615,827.795 BNB valued at about $931.7 million in July. The increase in the number of coins removed was modest, with a 30,368.645 BNB increase, reflecting a higher implied valuation per coin.