According to CoinMeta, BNB Chain announced the completion of its 37th quarterly BNB automatic burn, destroying approximately 1.646 million BNB, valued at around $1 billion at the time of calculation. The scale of the automatic burn is automatically determined based on the BNB price and the number of BNB Smart Chain blocks produced during the quarter, with the goal of gradually reducing the total supply of BNB to 100 million coins. In addition, BNB Chain also continues to burn some of the on-chain gas fees through BEP-95.