BNB Chain Burns $1.02B in BNB; Q1 Daily Active Users Top All Layer 1 Networks
BNB Chain completed its 35th quarterly autoburn on April 15, permanently removing 1.57M BNB worth about $1.02B. The burn is part of the network's long-term plan to cut total supply to 100M tokens.
In Q1 2026, BNB Chain averaged 4.5M daily active users, ranking first among Layer 1 blockchains ahead of Tron and Solana. The network also reported 322.2M token holders, surpassing Ethereum's 305.4M.
BNB is trading around $625 after defending the $600 support level through April. In January, Grayscale filed an S-1 with the SEC for a spot BNB ETF under the ticker GBNB, which could serve as a catalyst if approved.
BNB Chain's Osaka/Mendel upgrade is scheduled to go live on April 28. The update will activate nine BEPs aimed at improving execution predictability and network reliability under heavy load.