BNB (BNB) · 24HourCrypto

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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.

Rank#4

Market Cap$97.13B

FDV$97.13B

Volume$687.34M

Vol / Mkt Cap0.0071

Circulating131.51M

Total Supply131.51M

Max Supply200.00M

ATH$1,369.99

ATH %-46.09%

Start date2017-07-08

1h+0.12%

7d-0.34%

30d-3.69%

Momentum25

Risk20

Sentiment up45.5%

Watchlists871,338

BNB: 30 Day Recap

30D Recap

Over the last 30 days, BNB is down 3.7%. On a relative basis, it is trailing BTC (up 1.8%). Trading interest looks quiet on a volume/mcap basis.

BNB (BNB) trades near $738.57, up 1.45% over the last 24 hours, market-cap rank #4, 24h volume/mcap ratio 0.0071.

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BNB

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BNB: 30 Day Recap

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