- #5
BNB BNB
BNB Price
Market Cap
$87.75 BRank #5FDV
$87.76 BRank #7Investors
X Followers
Detailed Performance
BNB shows Neutral behaviour against top cryptocurrencies, leading categories and blockchains over various time periods
BNB to USD Converter
Price History
- All-Time High
- $767.371.26x to ATH
- All-Time Low
- $0.098266202x to ATL
- Trade Launch Date
- 25 Jul, 2017
2676 days ago
Fundraising
See more- ICO Price
- $0.1499
- Funds Raised
- $35.00 M
- Tokens Sold
- 120.00 M BNB
Activities6
See moreExchanges
Exchanges type
About BNB
BNB is the official cryptocurrency of Binance Chain. It is used within the Binance ecosystem for various purposes. It can be used to pay transaction fees on the Binance Chain network, as well as for payments at stores and partners that accept BNB. Additionally, BNB can be used to buy air tickets and book hotels through TravelbyBit.
What makes BNB unique?
BNB, or Binance Coin, has several unique features that set it apart from other cryptocurrencies:
1. Deflationary Nature: BNB is deflationary, meaning that its total supply decreases over time. This scarcity can potentially drive up its value and make it attractive for investors.
2. High APR Staking Reward: BNB currently offers a high Annual Percentage Rate (APR) for staking, providing users with a significant incentive to hold and stake their coins.
3. Wide Usage and Adoption: BNB is not only used within the Binance Chain network but also throughout the entire Binance ecosystem. It serves as a currency for paying transaction fees, making purchases at stores and partners that accept BNB, and even for booking travel services.
4. Burning Mechanism: BNB tokens are regularly burned by Binance, reducing the total supply and potentially increasing the value of existing tokens. This burning process can create a sense of scarcity and contribute to price appreciation.
5. Established Exchange: BNB's association with Binance, one of the largest and most reputable cryptocurrency exchanges, adds to its credibility and market presence.
Overall, BNB stands out due to its deflationary model, high staking rewards, widespread usage, burning mechanism, and connection to a prominent exchange.
Live BNB Price Data
The current price of BNB (BNB) is approximately $609.40, reflecting a decrease of -0.60% in the last 24 hours. The BNB trading volume in the last 24 hours stands at $988.94 million. BNB's market cap is currently $87.75 billion, accounting for about 2.73% of the total crypto market cap. The circulating supply of BNB is 144.01 million.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand BNB's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on BNB, check out our crypto insights page.