Quick TakeThe exchange burned the equivalent of $52.5M in BNB from circulation, which is a 35.2% increase from $38.8 million in Q4Binance has so far burned 20.12 million BNB (an equivalent of $298M), which represents more than 10% of the total supplyBinance had the second-best quarter in terms of spot volume, its futures volume soared as well and web traffic is also upQuestions arise around Binance’s mechanism for burns – no longer based on profit and burned from uncirculated supply