BNB Key Metrics at a Glance
BNB, the native token of the BNB Chain ecosystem, continues to be a major player in the cryptocurrency market. Here are its core metrics as of the latest update:
- BNB to USD Price: $236.70
- Market Capitalization: $36.39 Billion
- 24-Hour Trading Volume: $487.93 Million
- Circulating Supply: 153.85 Million BNB
- Max Supply: 200 Million BNB
These figures provide a snapshot of the asset's current market position and liquidity.
Real-Time BNB Price Data and Performance
The current live price of BNB is $236.51** with a 24-hour trading volume of **$490 million. At the time of analysis, the price has seen a slight decrease of 0.93% since midnight (UTC+8). BNB maintains its position as the 4th largest cryptocurrency by market capitalization, which stands at approximately $364.07 billion.
The circulating supply remains at 1.54 billion BNB against a maximum supply cap of 2 billion BNB. Price data for the BNB/USD pair is updated continuously to reflect the latest market movements.
Historical Price Performance (USD)
A look at BNB's performance across different timeframes offers valuable perspective:
| Timeframe | Change ($) | Change (%) |
|---|---|---|
| Today | -2.34 | -0.97% |
| Last 7 Days | -7.89 | -3.22% |
| Last 30 Days | -6.95 | -2.85% |
| Last 3 Months | +1.09 | +0.47% |
This table indicates short-term volatility but relative stability over a longer horizon, a characteristic often seen in established utility tokens.
What is Binance Coin (BNB)?
Binance Coin (BNB) was launched in July 2017 through an Initial Coin Offering (ICO), just days before the Binance cryptocurrency exchange commenced operations. Initially created as an ERC-20 token on the Ethereum blockchain, it had a maximum total supply of 200 million tokens, half of which were sold during the ICO.
A significant evolution occurred in April 2019 with the launch of the Binance Chain mainnet. This allowed users to swap their ERC-20 BNB tokens for native BEP-2 BNB tokens at a 1:1 ratio, effectively migrating the entire ecosystem off the Ethereum network.
BNB's primary function is as a utility token within its vast ecosystem. Its core uses include:
- Paying for trading fees on the Binance exchange at a discounted rate.
- Participating in token sales on the Binance Launchpad.
- Functioning as the primary currency for gas fees and transactions on the BNB Smart Chain (BSC), a hub for decentralized applications (dApps) and decentralized finance (DeFi).
Frequently Asked Questions
How is new BNB created if it's not mineable?
Unlike proof-of-work cryptocurrencies like Bitcoin, BNB cannot be mined. The BNB Chain uses a consensus mechanism called Byzantine Fault Tolerance (BFT). In this system, network security is maintained by validators who are chosen to propose and validate new blocks. They earn rewards for their role in securing the network, but new BNB is not created through this process; the supply is fixed.
What is the purpose of the BNB token burn?
The BNB token burn is a quarterly event where Binance uses a portion of its profits to buy back and permanently destroy (or "burn") BNB tokens from circulation. This process reduces the total supply of BNB over time, moving it from its original 200 million max supply toward a final target of 100 million BNB. This deflationary mechanism is designed to create long-term scarcity and value for the token.
What is the difference between BNB on Binance Chain and BNB Smart Chain?
BNB exists across multiple chains. The original Binance Chain (BEP-2) is optimized for fast trading and decentralized exchange (DEX) operations. The BNB Smart Chain (BEP-20) is Ethereum-compatible and supports smart contracts for dApps and DeFi. BNB can be seamlessly swapped between these chains, allowing it to power both fast transactions and a robust smart contract ecosystem.
Is BNB a good investment?
As with any cryptocurrency, investing in BNB carries inherent risk. Its value is tied to the utility and adoption of the broader BNB Chain ecosystem. Factors like trading volume on Binance, activity on BSC dApps, and the success of token burns can influence its price. It is essential to conduct thorough personal research and understand the market's volatility before making any investment decisions.
Where can I securely store my BNB?
You can store BNB in a variety of wallets, from the official Binance Chain Wallet browser extension to popular third-party software and hardware wallets that support the BEP-2 and BEP-20 standards. For managing assets across the ecosystem, many users find it helpful to 👉 explore more strategies for secure storage.
Can I use BNB for anything outside the Binance ecosystem?
Yes. While its primary utility is within the Binance and BNB Chain networks, BNB's adoption has grown significantly. It is now accepted as a form of payment by various merchants, travel agencies, and service providers online. Furthermore, its role as the gas token for the massive BSC DeFi ecosystem gives it utility far beyond a simple exchange token.
Understanding the BNB Burn Mechanism
The BNB burn is a critical part of the token's economic model. Initially, when BNB was an ERC-20 token, a smart contract on Ethereum was used to destroy tokens based on Binance's quarterly trading volume.
After the migration to Binance Chain, the burn mechanism evolved. Tokens are now destroyed using a specific on-chain command rather than a smart contract. This auto-burn process is transparent and verifiable by anyone, with the goal of increasing predictability for the community. The ultimate objective remains to reduce the total supply of BNB by 50%, from 200 million to 100 million tokens.
This deflationary pressure, combined with the token's expanding utility, forms a core part of its long-term value proposition. To stay on top of these market dynamics and the latest developments, it is crucial to 👉 view real-time tools and data.