Binance announced on October 17 that it has burned $68 million worth of BNB tokens as part of its 13th quarterly burn.

• Binance burned a total 2,253,888 BNB, making it the largest burn in terms of fiat value and the fourth highest in terms of BNB value; The $68 million BNB burn is the largest yet
• In the announcement, Binance CEO Changpeng Zhao also discussed the DeFi market and the Binance Smart Chain
• He stated that liquidity pools, AMMs and on-chain loans will be here to stay, but that high yields will soon disappear
• As for centralized exchanges, Zhao said that he thinks they have a role in bridging fiat markets and DEXs
• Zhao also referred to the new projects that have launched on the Binance Smart Chain, which he believes can help DeFi as Ethereum (ETH) becomes congested and experiences high fees