BNB (BNB) Price Chart and Market Data

This overview covers the network's consensus framework, supply deflation mechanics, early fundraising data, current exchange liquidity, team vesting schedules, and recent regulatory outcomes.

What is BNB?

BNB is the native token—well, the foundational utility and governance asset—for the entire BNB Chain ecosystem. It actually started as a simple ERC-20 token back in 2017, but then migrated to its own mainnet on April 18, 2019. You use it to pay gas across the Smart Chain, the opBNB Layer 2, and even the Greenfield storage network. Plus, holding it gives you a say in governance. So yeah, it powers basically everything on-chain.

How does the network process transactions so fast?

It runs on a Proof of Staked Authority (PoSA) consensus model. That basically means a small, rotating set of 45 validators—21 active "Cabinet" members and 24 candidates—handle the blocks. After the 2025 Fermi upgrade, they actually managed to cut block times from 3 seconds down to just 0.45 seconds. By 2026, the target is a massive 20,000 TPS on the Smart Chain, which they are pulling off using a dual-client setup with a new Rust-based client.

Does the BNB token have a capped supply, or is it inflationary?

It is strictly deflationary, actually. The protocol is hard-coded to shrink the initial 200,000,000 token supply all the way down to 100,000,000. It does this through two main engines: a Quarterly Auto-Burn tied to price, and BEP-95, which burns real-time gas fees. I mean, just look at the 34th quarterly burn in early 2026—it destroyed over 1.3 million tokens. Right now, the circulating supply sits at roughly 136,361,374 BNB.

What was the BNB initial price, and who backed the project early on?

The fundraising history is kind of wild. The July 2017 ICO raised about $15 million at just $0.15 per token. Looking at it now, that's a massive 4083x ROI in USD. Before that, an Angel Round handed out 20 million tokens to folks like Roger Ver. But the funding didn't stop in 2017; just recently, on November 12, 2024, Google Cloud backed a $10 million round at a $100 million pre-valuation. Sequoia Capital is in there, too.

Where can you trade BNB/USDT or use the asset today?

You can trade it pretty much everywhere. Binance Global has the deepest liquidity by far—specifically the BNB/USD1 and BNB/USDT pairs—but it’s also huge on platforms like Coinstore, AscendEX, and OKX. On-chain, PancakeSwap is your main hub. It's even bleeding into traditional finance with ICE Futures US offering cash-settled contracts in 2026. Oh, and you can also use it for ecosystem stuff, like farming points on the Gra.Fun meme launchpad that kicked off in late 2024.

Are there still locked team BNB coins hanging over the market?

No, not anymore. The 80 million tokens originally set aside for the founding team were on a four-year linear vesting schedule that totally wrapped up in July 2021. So, that "team dump" fear you see with newer coins? It doesn't really apply here. Any shifts in the circulating supply now are just driven by the burn mechanisms, or by validators moving tokens through the standard 7-day unbonding period for staking.

Is the token still facing regulatory trouble?

It's definitely settling down, though it’s been a long road. The SEC sued Binance back in 2023, claiming BNB was an unregistered security. But in 2024, a court actually dismissed the claims about secondary sales on exchanges, basically saying the token itself isn't a security. The ecosystem is still operating under a strict five-year federal monitorship to ensure compliance, which honestly acts as a sort of "risk reset" for big institutional players eyeing the chain.