Terra Classic ($LUNC) burned more than 1 billion tokens over the first 11 days of November, as on-chain destruction continued at a pace of close to 100 million tokens per day.

The network destroyed 1.06 billion $LUNC between November 1 and November 11. Four of those days each surpassed 100 million tokens, with November 5 recording the largest single-day burn at 162 million tokens.

Cumulative Burns Reach 463.86 Billion $LUNC

The running total of burned tokens since May 2022 now stands at 463.86 billion $LUNC, according to $LUNC Metrics. The network's circulating supply is 5.54 trillion tokens.

Measured against that supply, the cumulative burn so far equals roughly 8.4% of the tokens currently in circulation, based on the two figures above.

That total is up from approximately 462.5 billion tokens burned as of around October 29, based on community trackers cited by CoinReporter. Because figures vary between tracking services, cumulative totals may differ depending on the source.

How the Burn Mechanism Works

Terra Classic applies an on-chain burn tax to $LUNC transfers. CoinReporter reports that the tax was raised from 0.5% to 1.5% through Proposal 12223 in early August 2026, and that it applies only to transactions executed on the Terra Classic chain itself, not to trades conducted on centralized exchanges.

Because the tax is charged as a percentage of each on-chain transfer, the size of the tax-driven burn moves with transaction activity on the Terra Classic chain itself. Percentage-based fee burning is used elsewhere in the industry as well—Ethereum has burned part of every transaction fee since its 2021 fee-market upgrade—though the details of each design differ.

Exchange-based programs add to the overall total. Binance has historically burned $LUNC each month using a share of trading fees. However, Cryptopolitan reported that Binance's November 1 burn had not appeared in tracked records as of early November, marking the first break in a pattern running since March 2023. The outlet noted that the missed burn was small relative to total supply and that Terra Classic can continue burning tokens without the exchange's participation. Whether the exchange's November figure shows up in tracked records later in the month is one detail observers of the burn program can follow.

Supply Overhang Remains Large

Despite the recent pace, the sheer scale of supply limits the impact of the burns. CryptoTicker concluded that $LUNC burns are reducing supply measurably but slowly, citing roughly 39.78 billion $LUNC destroyed over the twelve months to September 15, 2026.

At around 100 million tokens per day, the November pace would remove well under 0.1% of the 5.54 trillion circulating supply each month, based on the figures above. Community proposals have set a long-term target of reducing total supply to 10 billion $LUNC, a goal that remains far from the current level. Closing that gap would require roughly 5.53 trillion additional tokens to leave circulation—more than 130 times the total destroyed over the twelve months to September 15, 2026.

Sources

• CryptoTicker: Terra Classic, How Much $LUNC Burns Really Cut the Supply
• CoinReporter: $LUNC Hits 462B Burned After v4.1.1 Upgrade
• Cryptopolitan: Binance Misses November $LUNC Burn