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BNB

bnbRank #4
$724.70
0.36% (24h)
Price Performance
Asset returns over standard trading timeframes
24h0.36%
7d2.56%
30d18.63%
60d25.10%
200d15.77%
1y22.75%
About BNB

BNB is the native utility token of the BNB Chain ecosystem, acting as a multi-chain asset that powers decentralized applications and facilitates value exchange across its network. It serves as the primary asset for paying transaction gas and smart contract deployment fees while providing users with tiered fee discounts on the Binance exchange. The project’s main value proposition lies in its unified multi-chain architecture, which integrates a smart contract platform, a Layer 2 scaling solution, and a decentralized data storage network into a cohesive settlement and data availability layer. The network operates on a Proof of Staked Authority consensus mechanism, utilizing a group of 21 active validators known as the Cabinet to verify transactions and produce blocks every 3 seconds. Validators are elected daily based on the amount of BNB staked or delegated to them, and the system employs fast finality and slashing penalties to maintain security and integrity. To manage its long-term economy, the project uses a programmatic dual-burn strategy that permanently removes tokens through real-time fee destruction and quarterly buybacks. Launched in 2017 by the Binance platform, the project initially distributed 50% of its 200 million token supply to the public, while the founding team received 40% and angel investors were allocated 10%. Though it began as a token on the Ethereum network, it eventually migrated to its own autonomous architecture that remains fully compatible with the Ethereum Virtual Machine. Today, the token's utility includes paying for network gas, participating in staking rewards, and enabling decentralized governance through which holders can vote on technical upgrades and economic changes.

Community Sentiment
Public perception and voting ratios for BNB
Bullish: 30.0% Bearish: 70.0%
Market Statistics
Asset overview and token supply data
Market Cap$96.5B
Fully Diluted Valuation$96.5B
24h Trading Volume$816.72M
24h High / Low
H: $725.96L: $713.32
Circulating Supply133,160,941.38 bnb
Total Supply133,160,929.64 bnb
Max Supply200,000,000 bnb
All-Time High
$1,369.99-47.10% from ATH
All-Time Low
$0.039818+1819947.63% from ATL
Asset Metadata
Genesis Date2017-07-08
Sector Categorizations
Smart Contract PlatformExchange-based TokensBNB Chain EcosystemCentralized Exchange (CEX) TokenLayer 1 (L1)Ethereum EcosystemAlleged SEC SecuritiesFTX HoldingsProof of Stake (PoS)GMCI Layer 1 IndexGMCI 30 IndexGMCI IndexMade in China