BNB Chain Burns 1.65M BNB Worth About $1B in 37th Quarterly AutoBurn

BNB Chain has completed its 37th quarterly BNB AutoBurn, removing about 1.646 million BNB worth roughly $1 billion at the reference price. The AutoBurn amount is based on BNB price and BNB Smart Chain blocks produced in the quarter. The long term goal is to reduce total BNB supply to 100 million. BNB Chain also burns part of gas fees through BEP95.