October 22, 2026 New L1 plan keeps BNB as gas asset: What it means for the BNB price

Published on 10/28/2026 at 07:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

A 1,646,196.44 BNB burn was completed on October 19, 2026. The BNB price is 749.80 USD on October 28, 2026, up 2.11 percent.

BNB keeps one native asset

BNB Chain documentation dated October 22, 2026, assigns BNB to gas, staking and governance on New L1.
Binance recorded a burn of 1,646,196.44 BNB on October 19, 2026.
The BNB price stands at 749.80 USD as of October 28, 2026, 2.11 percent above the UTC daily close of October 27, 2026.
Hong Kong brokerage Futu Securities enabled direct BNB deposits and withdrawals for qualified investors on October 23, 2026.

BNB, XCCRYPTOBNB5, Illustration mit AI erstellt.

BNB (BNB) remains the native asset in a proposed New L1 network described in documentation dated October 22, 2026. The BNB price stands at 749.80 USD as of October 28, 2026, 2.11 percent above the UTC daily close of October 27, 2026.

New L1 documentation dated October 22, 2026

BNB Chain documentation describes New L1 as an Ethereum Virtual Machine-compatible Layer 1 blockchain designed for sub-second finality and predictable transaction inclusion. The documentation says the network is operating as a multi-validator development network with real block production and end-to-end finality as of October 22, 2026.

The design assigns BNB as the gas asset, meaning it pays transaction fees, and also gives it roles in staking and governance. BNB is bridged from BNB Smart Chain through a native bridge that remains in development, and the documentation specifies that New L1 will issue no separate token. Public testing and a mainnet are planned stages in the project documentation, rather than live network endpoints on October 22, 2026.

The October 19 burn removed 1.64 million BNB

Binance reported that its 37th quarterly token burn permanently removed 1,646,196.44 BNB on October 19, 2026. The same report put the remaining total supply at 131,512,085 BNB and stated a long-term supply target of 100 million BNB.

A separate access development came on October 23, 2026, when Hong Kong brokerage Futu Securities enabled direct BNB deposits and withdrawals through BNB Smart Chain for qualified professional investors, according to CryptoNews. The report says external wallet addresses require verification and approved destinations must be added to a whitelist before withdrawals.

BNB trades at 749.80 USD on October 28, 2026

The BNB price is 749.80 USD as of October 28, 2026, according to Investing.com. That is 2.11 percent above the UTC daily close of October 27, 2026. The daily high is 750.40 USD and the daily low (UTC day) is 739.90 USD. Market capitalization is 98.48 billion USD, ranking BNB fourth, while 24-hour volume is 1.34 billion USD. Circulating supply is 131.51 million BNB.