【Market Update】BNB Chain completed its 37th quarterly auto-burn, permanently removing approximately 1.64 million BNB from circulation, worth about $1.197 billion. The burn was carried out directly on the BNB Smart Chain (BSC). The quarterly burn amount is calculated based on the token price and the number of blocks produced during the quarter, with the long-term goal of reducing the total BNB supply to 100 million. In addition, the BEP-95 upgrade burns a portion of transaction fees.