Binance Coin
bnb
571.27
0.45%Binance Coin price information
Binance Coin price571.27 USD
24h low566.14 USD
24h high571.84 USD
24h price change+0.45%
7d price change−1.52%
30d price change−1.27%
All-time high
1,369.99 USD
October 13, 2025
All-time low
0.03 USD
October 19, 2017
Binance Coin market information
Market cap rank№4
Market cap76.07B USD
Circulating supply133.17M BNB
Total supply133.17M BNB
Binance Coin price live data
BNB price today is $571.27. BNB price is up 0.46% in the last 24 hours. It has a circulating supply of 133.17M BNB coins and a total supply of 133.17M. If you are looking to buy or sell BNB, Tothemoon is currently the most active exchange.
About Binance Coin
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.
Spot
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