How Binance burns LUNC: monthly fee batches and the running total

Binance runs the largest recurring LUNC burn of any exchange. Once a month it takes 50% of the trading fees earned on its LUNC spot and margin markets, converts them into LUNC and sends them to the Terra Classic burn address, where the chain destroys them. Futures are not included.

Binance’s last published cumulative figure is 82,047,800,712 LUNC, covering fees from 21 September 2022 to 30 January 2026. The batches we found on-chain after that bring the total to about 87.6 billion LUNC. This page covers the rules, the 2026 batches, how to check them yourself and how much they actually matter. For the live total from all sources, use our burn tracker.

How the Binance LUNC burn works

The program started after the community voted in September 2022 for a 1.2% on-chain tax. Proposal 4793 then asked exchanges to apply the same burn to trades on their own order books. That request bound no one. Binance chose a different route: it would burn its fee income from LUNC markets instead.

The first batch covered fees from 21 September to 1 October 2022. For the first months Binance burned 100% of LUNC spot and margin fees. From December 2022 the share dropped to 50%, “until further notice”, according to Binance’s burn announcement. Binance also paused sending until 1 March 2023, so that burned coins could not be re-minted under proposal 10983, which the community later repealed.

Fees collected in USDT, BNB and other tokens are converted to LUNC before the burn. The calculation is done before the fifth day of each month. Two consequences follow. First, the size of a batch depends on how much LUNC traded on Binance the month before. Second, it depends on the LUNC price: the same dollar amount of fees buys more LUNC when the price is low. Batch 43, for example, turned 32,115 USDT of fees into 858.2 million LUNC.

What the program does not cover matters just as much. Binance’s text names spot and margin only. We found no Binance statement adding futures, so fees from the 1000LUNC perpetual contracts are not burned. Claims that “exchanges burn futures fees too” are not backed by any Binance document we could find.

Binance LUNC burn schedule and next burn date

In practice the schedule is monthly. Every batch we could see in 2026 landed on the first day of the month, between about 05:50 and 11:20 UTC. Each batch covers the previous month’s fees, so the 1 June burn reflects May’s trading.

Binance has made the schedule harder to follow. Since a March 2026 update, its announcement says the latest burn transactions are no longer listed there and points to its token burn page instead. In September 2026 Binance updated the announcement again “to reflect the latest burning execution time”, but the text we could read does not state the new timing.

Not every month shows a batch on-chain right on schedule, and Binance does not always explain gaps. We will not guess why. If you are looking for the next Binance LUNC burn date, check Binance’s burn page and the burn wallet itself, using the steps further down. Our news page covers burn-related developments as they happen.

The 2026 monthly batches

We looked up every send from Binance’s burn wallet to the burn module on a public Terra Classic node. The amounts below are rounded to the whole LUNC. Binance itself labelled the February and March burns as batches 42 and 43; it stopped publishing batch numbers after that, so we do not number the rest.

Two things stand out. The June batch was more than twice any other in 2026. It covered May’s fees, and it followed the late-April to early-May rally, when daily LUNC volume spiked. Busy months mean bigger burns.

The October batch is odd. It repeats the September amount exactly, down to the last micro-LUNC, and a second send of about 21 million LUNC followed 88 minutes later. That could be a duplicate, a re-send or a coincidence. Binance no longer lists batch details publicly, so we report the amounts as they appear on-chain and do not attach a story to them.

Want LUNC in your own wallet?

Buy USDT with a card, send it to an exchange that lists LUNC, buy there and withdraw to a native wallet. Binance’s LUNC withdrawals have been paused for wallet maintenance before, so check the withdrawal status first.

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The running total: 82 billion published, about 87.6 billion supportable

Binance’s own cumulative figure, 82,047,800,712 LUNC, runs through batch 42 and Binance puts its value at about 11.9 million USDT. Binance labels it “trading fees”, but the batch 43 figure matches the on-chain burn exactly, so it is the burned amount in practice.

Add batch 43, the May to October batches and the October top-up, and you get about 87.59 billion LUNC. That excludes the April 2026 batch, which we could not verify because it falls before the public node’s transaction history. If April looked like the months around it, the true total is somewhat higher, which is why we say “more than 87 billion”.

You will see bigger numbers elsewhere. Some dashboards show close to 91 billion for Binance. Those figures add in the 1.5% tax Binance pays on its own withdrawals and LUNC that customers burned by withdrawing to the burn address through Binance. Both are real burns, but they are not Binance’s fee program. We keep them separate.

How to verify a Binance burn on-chain

You do not have to trust Binance, a press release or us. Every batch is a public transaction, and the chain shows the supply drop in the same block.

1. Open the Binance burn wallet

   Search terra18vnrzlzm2c4xfsx382pj2xndqtt00rvhu24sqe in a Terra Classic block explorer such as Galaxy Finder, or paste it into the tracker on our explorer page.

2. Find the send to the burn module

   A batch is a large bank send from that wallet to terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu, usually in the first hours of the month, UTC.

3. Read the amount and the fee

   The amount is the burn. The fee is larger than normal gas because Binance pays the 1.5% tax on the send; since September 2026 it is about 1.5% plus gas.

4. Rule out user burns

   Small sends from the same wallet with the burn address as memo are customer withdrawals routed to the burn, not Binance batches.

5. Compare with Binance’s figure

   Match the amount against Binance’s burn page. In March 2026 Binance’s table and the chain agreed to the micro-LUNC.

The fee check is a nice detail. Binance’s burn wallet sits inside the Binance tax exemption zone, but the burn module does not, so every batch pays the full on-chain tax. The 1 August 2026 batch of 275.6 million LUNC paid about 1.38 million LUNC in fees, matching 0.5% plus gas. The 1 September batch of 334.9 million paid about 5.02 million, matching 1.5% plus gas. Since 80% of that tax is itself burned, each batch burns a little extra. Our burn tax guide explains the exemption zone and the split.

How big is the Binance burn, really?

Against total supply, the Binance program is small. Total LUNC supply has fallen from a post-crash peak of about 6.9 trillion to about 6.4 trillion; the live figure is on our supply page. Binance’s roughly 87.6 billion LUNC equals about 1.4% of the current supply, accumulated over more than four years.

Against other burn sources, it is significant but not dominant. Third-party tracker LuncMetrics attributes about 54% of everything removed since May 2022 to a single Terraform Labs wallet burn of roughly 249 billion LUNC, about 20% to Binance and about 24% to the on-chain tax. These are secondary estimates, but they kill a common myth: Binance is not responsible for “more than half” of all LUNC burns.

Comparing Binance with the tax burn is easiest with a worked example. The tax burns 1.2% of each taxed transfer. To burn as much as one of the autumn 2026 Binance batches, about 335 million LUNC, the chain needs about 28 billion LUNC of taxed transfers. Whether that takes days or weeks depends entirely on on-chain activity, which you can watch on our burn tracker.

Batch sizes also swing. In 2026 they ranged from about 276 million to 2.19 billion LUNC. Since the program burns a share of fees, it shrinks when trading on Binance slows. It is a byproduct of volume, not a fixed commitment.

KuCoin, MEXC and other exchange burns

People also search for KuCoin and MEXC LUNC burns. Here is what we could document.

MEXC ran a time-limited fee burn on its LUNC/USDT and LUNC/USDC markets from 3 to 17 September 2022, then ended it, according to its support article. Trackers attribute about 2.4 billion burned LUNC to a MEXC wallet, a figure that includes tax paid on its transfers. We found no evidence of an active MEXC program in 2026.

KuCoin supports the on-chain tax and passes it on through LUNC withdrawal fees, as it announced in May 2023. That is not a fee burn, and we found no KuCoin fee-burn program. Gate drew criticism in 2022 for a “burn” announcement that only referred to the on-chain tax. Bitkub appears among the top burning wallets, almost entirely through tax paid on its transfers. For Bitrue we found no verified program.

The fair summary: Binance is the only exchange with a documented recurring LUNC burn, and we found no evidence of other active programs. If an exchange announces one, look for the on-chain transactions before you count it. Our exchange list shows which venues trade LUNC, and our governance guide covers the exemption votes Binance requested.

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