Binance has successfully completed a Bruno network upgrade that will include token burning on every transaction.
The hard fork increased the speed of full synchronization of nodes in the network by 60%. It also implements the BEP-95 protocol, ensuring that the network burns a fixed share of transaction fees.
Daily burn volume is estimated to range from 577 to 1,728 BNB. A reduction in the circulating supply of BNB should cause the price to rise.
The mechanism is similar to the EIP-1559 Ethereum network. Since the hard fork London was implemented, more than 1 million ETH tokens have been burned on the network. This caused Ethereum prices to rise.
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