The live price of Binance Coin is $721.03 per BNB/USD, -0.91% in the last 24 hours. It has a market cap of $96.39B and $234.62M in trading volume over the same period. Prices are averaged across every exchange we track and update continuously. BNB has a circulating supply of 133.16M.
BNB is the native coin of the BNB Chain ecosystem, essential for powering its multifaceted Web3 environment. It supports transactions on the BNB Smart Chain (BSC), the opBNB L2s, and BNB Greenfield . Besides transaction fees, BNB serves as a governance token, granting holders the ability to participate in the BNB Chain’s decentralized on-chain governance.
Additionally, BNB functions as a strategic reserve asset and plays a critical role in the BNB Executive Total Value Locked (TVL) campaign, driving ecosystem growth and incentivizing adoption.
Originally launched in 2017 as Binance’s exchange token, BNB was designed to offer trading fee discounts and other utilities within the Binance platform. It later evolved into the foundational asset of a much broader ecosystem. Following its mainnet launch on April 18, 2019, BNB transitioned from the Ethereum Network to BNB Chain. "Build and Build" is the philosophy behind BNB, reflecting its role in fostering development within the ecosystem.
What Is BNB’s Auto Burn?
BNB employs an Auto-Burn system to gradually reduce its total supply to 100,000,000 BNB. The burn amount is adjusted based on BNB's price and the number of blocks generated on BSC during a quarter, ensuring transparency and predictability.
What is Binance Coin?
BNB is the native digital asset of the BNB Chain ecosystem, serving as the primary fuel for its various Web3 components. It is used to pay transaction fees across the BNB Smart Chain (BSC), the opBNB layer-2 networks, and BNB Greenfield. Beyond fee payments, BNB also acts as a governance token, enabling its holders to take part in the chain's on-chain decision-making processes. The coin additionally functions as a reserve asset and is involved in the BNB Executive Total Value Locked (TVL) initiative, which aims to support ecosystem expansion and user engagement.
The token was first introduced in 2017 as a utility asset for the Binance exchange, originally providing perks like reduced trading fees. Over time, its role expanded to underpin a wider network. After its mainnet went live on April 18, 2019, BNB migrated from the Ethereum blockchain to its own BNB Chain. The guiding principle behind the project is "Build and Build," emphasizing a focus on continuous development within the ecosystem.
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To manage its supply, BNB uses an Auto-Burn mechanism designed to incrementally decrease the total number of coins toward a cap of 100 million. The quantity burned each quarter is calculated based on the coin's market price and the volume of blocks produced on BSC during that period, which is intended to make the process transparent and consistent.
Where to buy Binance Coin
Binance Coin is available on 10 exchanges. Prices shown are live.
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