BNB
BNBRank #5$626.66
1h
-0.32%
24h
+0.75%
7d
-2.38%
Key Statistics
Market Cap
$84.5B
24h Volume
$852M
Circ. Supply
134.8M BNB
Total Supply
134.8M BNB
Max Supply
200.0M BNB
All-Time High
$1369.99
ATH Date
Oct 13, 2025
Market Cap Rank
#5
Buy BNB Now
Compare top exchanges. All verified safe and regulated.
When you sign up through our links, we earn a commission. You pay nothing extra. We only recommend exchanges we trust.
Affiliate disclosure →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.
You Might Also Like
Latest BNB News
Bitcoin rebounds from key support as traders eye renewed push toward $80,000
CoinDesk · 49m ago
Mezo unveils institutional bitcoin yield vaults as demand grows to put idle BTC to work
CoinDesk · 1h ago
Celsius founder Alex Mashinsky settles FTC case with $10M payment
Cointelegraph · 1h ago
Quick Converter
1 BNB = $626.66 · Rate refreshes live
Frequently Asked Questions
BNB (BNB) is ranked #5 by market capitalisation with a current market cap of $84.5B. 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.
You can buy BNB on several major exchanges: Binance (global, lowest fees), Bybit (great for derivatives), KuCoin (widest altcoin selection), and Coinbase (best for US users). If you're in Nigeria, South Africa, Kenya, or Malaysia, Luno is an excellent regulated option. Simply create an account, verify your identity, deposit funds, and place a market or limit buy order for BNB.
Whether BNB is a good investment depends on your financial goals and risk tolerance. Cryptocurrency is highly volatile. BNB has a current market cap of $84.5B, which reflects its market position. Always do your own research (DYOR), never invest more than you can afford to lose, and consider consulting a financial advisor. CoinGlance does not provide financial advice.
The price of BNB is determined by supply and demand on cryptocurrency exchanges worldwide. Key factors include: overall market sentiment, Bitcoin's price movement, protocol developments, regulatory news, macroeconomic factors, and social media activity. The current 24h trading volume of $852M reflects market activity.
You can store BNB in several ways. Exchange wallets (like Binance or Coinbase) are convenient but carry counterparty risk. Software wallets give you control of your private keys. For maximum security, hardware wallets like Ledger or Trezor store your keys offline. Remember: not your keys, not your coins.
Bitcoin (BTC) is the original cryptocurrency, primarily used as a store of value. BNB (BNB) is a different asset with its own unique use case. Both can be purchased on the same exchanges, but they serve different purposes in a portfolio.