Binance has completed its 37th quarterly BNB burn, permanently removing more than 1,646,000 tokens from circulation on BNB Smart Chain. At the time of the transaction, that was worth about $1.197 billion, and it brought total BNB supply down to just over 131.5 million tokens.
Under Binance’s auto-burn system, the quarterly burn amount is set by BNB’s price and the number of blocks produced on BNB Smart Chain.
For this quarter, the burn equaled roughly 1.25% of the post-burn supply, making it one of the larger quarterly reductions by dollar value this year.
Binance’s 1.64 million BNB burn keeps the scarcity narrative on trial as the market digests the new supply step.