BNB Price Index

$301
DAY -2.11%
WEEK +12.26%
MONTH -28.80%
Open 24H $307
High 24H $310
Low 24H $296
Last Price $301
Total BNB 168.14 M
Mkt. Cap $50.58 B
Vol 24H BNB 125.00 K
Vol.24H $37.78 M
€301
DAY -2.11%
WEEK +12.26%
MONTH -28.80%
Open 24H €307
High 24H €310
Low 24H €296
Last Price €301
Total BNB 168.14 M
Mkt. Cap €50.58 B
Vol 24H BNB 125.00 K
Vol.24H €37.78 M
£301
DAY -2.11%
WEEK +12.26%
MONTH -28.80%
Open 24H £307
High 24H £310
Low 24H £296
Last Price £301
Total BNB 168.14 M
Mkt. Cap £50.58 B
Vol 24H BNB 125.00 K
Vol.24H £37.78 M
¥301
DAY -2.11%
WEEK +12.26%
MONTH -28.80%
Open 24H ¥307
High 24H ¥310
Low 24H ¥296
Last Price ¥301
Total BNB 168.14 M
Mkt. Cap ¥50.58 B
Vol 24H BNB 125.00 K
Vol.24H ¥37.78 M
₽301
DAY -2.11%
WEEK +12.26%
MONTH -28.80%
Open 24H ₽307
High 24H ₽310
Low 24H ₽296
Last Price ₽301
Total BNB 168.14 M
Mkt. Cap ₽50.58 B
Vol 24H BNB 125.00 K
Vol.24H ₽37.78 M
₩301
DAY -2.11%
WEEK +12.26%
MONTH -28.80%
Open 24H ₩307
High 24H ₩310
Low 24H ₩296
Last Price ₩301
Total BNB 168.14 M
Mkt. Cap ₩50.58 B
Vol 24H BNB 125.00 K
Vol.24H ₩37.78 M
₺301
DAY -2.11%
WEEK +12.26%
MONTH -28.80%
Open 24H ₺307
High 24H ₺310
Low 24H ₺296
Last Price ₺301
Total BNB 168.14 M
Mkt. Cap ₺50.58 B
Vol 24H BNB 125.00 K
Vol.24H ₺37.78 M
R$301
DAY -2.11%
WEEK +12.26%
MONTH -28.80%
Open 24H R$307
High 24H R$310
Low 24H R$296
Last Price R$301
Total BNB 168.14 M
Mkt. Cap R$50.58 B
Vol 24H BNB 125.00 K
Vol.24H R$37.78 M
¥301
DAY -2.11%
WEEK +12.26%
MONTH -28.80%
Open 24H ¥307
High 24H ¥310
Low 24H ¥296
Last Price ¥301
Total BNB 168.14 M
Mkt. Cap ¥50.58 B
Vol 24H BNB 125.00 K
Vol.24H ¥37.78 M

Overview

Short for Build and Build, BNB is the native crypto asset of the Binance ecosystem. Binance began as essentially just a crypto exchange, but it has since branched out its offerings. It launched Binance Coin in 2017 via an initial coin offering (ICO). In 2022, Binance unveiled a rebranding that included changing the asset’s name from Binance Coin (BNB) to simply the ticker BNB (shorthand for Build and Build), abandoning the name Binance Coin.

BNB serves a number of roles, including as a method of fee reduction on the Binance exchange and as the currency in which to pay fees for activities on BNB Chain, the coin’s underlying blockchain ecosystem.

BNB history

Binance got its start in 2017, quickly launching an ICO in which it sold and allocated BNB tokens. Back then, Binance Coin (BNB’s name at the time) was an ERC-20 token on the Ethereum blockchain. However, Binance launched a mainnet blockchain, Binance Chain (BC), in 2019 with BNB as its coin. A token swap was conducted to change ERC-20 BNB tokens over to Binance Chain-based BNB coins. In 2020, Binance Smart Chain (BSC) took flight as a separate compatible blockchain alongside Binance Chain.

In 2022, Binance revealed BC and BSC taking on a single label — BNB Chain, which includes both chains still running in parallel to each other and serving distinct roles, but housed within a single name.

BNB chain, explained

BC was the original blockchain mainnet of the Binance ecosystem, built with on-chain trading in mind. BSC was launched with Ethereum Virtual Machine (EVM) functionality. Both are now classified as components of BNB Chain following the 2022 name changes. BC was renamed as the BNB Beacon Chain, and takes care of governance for BNB Chain. BSC turned into BNB Smart Chain, although it retained the BSC acronym. Still EVM-friendly, BSC is responsible for BNB Chain consensus and more.

Assets built on BC are called BEP-2 tokens, while assets built on BSC are known as BEP-20 tokens.

BNB price

BNB’s value fluctuates, evident in the BNB price chart above. Several factors potentially impact the price of BNB, given the asset’s broad range of use cases along with the speculatory nature of the crypto industry. Among BNB’s list of uses includes functioning as the vehicle for fee payments on BNB Chain and as money via Binance’s payments card. BNB is the governance asset for BNB Chain.

BNB is burned each quarter based on a formula, which is expected to carry on until BNB’s circulating supply reaches less than 100 million, down from its initial count of 200 million.

For Binance Coin news, see Cointelegraph’s Binance Coin tag.

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