BNB Chain Burns 1.64M BNB Worth $1.197B in 37th Auto-Burn
- —About 1.64 million BNB worth roughly $1.197 billion was burned
- —The burn was executed directly on BNB Smart Chain
- —The mechanism targets a total supply of 100 million BNB
- —A portion of gas fees is also burned via BEP-95
Why it matters: Reducing supply tightens BNB's scarcity and could support its price as ecosystem activity improves.
Source: ZyCrypto