Binance Adds WCT on Solana, Burns $1B BNB Before 8th Year

Binance has added WalletConnect Token (WCT) support on the Solana network, expanding its multichain footprint. The integration allows users to deposit and withdraw WCT using Solana. This marks another step in Binance’s effort to support more ecosystems and improve accessibility.

WalletConnect confirmed the news via X on July 10. “@binance users can now deposit and withdraw $WCT using the @solana network,” the project posted. Binance also shared a support page confirming the integration was complete.

For WCT holders, this move enables faster and cheaper transfers through Solana. It also positions Binance at the center of the DeFi wallet–infrastructure stack, as WalletConnect serves thousands of applications and users.

Richard Teng Highlights Binance’s User-First Vision

In a timely post, Binance CEO Richard Teng celebrated the company’s upcoming 8th anniversary. “Approaching our 8-year anniversary, it’s clear what keeps #Binance strong: our 280M users globally,” he wrote.

Teng said that prioritizing users drives everything at Binance, from new product rollouts to refining existing services. His post emphasized the platform’s mission to build around its global community.

The anniversary message aligns with Binance’s latest platform moves. From token burns to ecosystem expansions, each announcement ties back to user-centric goals.

Binance Completes $1 Billion BNB Burn

Adding more momentum to the week, Binance confirmed its 32nd quarterly BNB burn. The company removed 1,595,599 BNB from circulation, worth about $1.024 billion at the time of the burn. BNB Chain posted the update first, stating, “The 32nd quarterly $BNB token burn has been completed directly on BNB Smart Chain (BSC).” Burn details are now available on BNB Chain’s official site.

Shortly after, Binance founder CZ retweeted the news with “Deflationary BNB.” The minimalist post highlights the token’s long-standing burn mechanism. BNB’s supply has dropped consistently each quarter, reinforcing its deflationary design.

The $1B figure underlines Binance’s scale. Few crypto projects can sustain billion-dollar burns while maintaining market dominance. For investors, this continued burn activity signals strong value support for BNB.

Strengthening Its Dominance in a Competitive Market

This week’s updates show Binance is hitting all the right notes. It’s supporting new token integrations across blockchains. It’s keeping its tokenomics healthy through large-scale burns. And it’s reaffirming its leadership through clear executive messaging.

The addition of WCT on Solana appeals to WalletConnect users and Solana fans alike. The massive BNB burn boosts investor confidence. Richard Teng’s post gave the week’s updates a personal touch ahead of Binance’s anniversary. As Binance prepares to mark eight years in operation, it remains focused on the basics: liquidity, scalability, and trust.