BNB (BNB)
BNB Live Chart
About BNB (BNB)
BNB (formerly Binance Coin) is the native cryptocurrency of the Binance ecosystem, one of the world's largest crypto exchanges. Originally launched in 2017 as an ERC-20 token, BNB later migrated to Binance's own blockchain — now called BNB Chain.
BNB serves multiple utility functions: paying trading fees on Binance (with discounts), participating in Binance Launchpad token sales, and powering smart contracts and dApps on BNB Smart Chain (BSC). Its deep integration with Binance's vast user base gives BNB consistent demand.
Binance implements a quarterly burn mechanism, using 20% of profits to permanently destroy BNB tokens until 100 million coins (50% of total supply) are burned. This deflationary model has historically supported price appreciation over time.
BNB Smart Chain (BSC) became one of the most active blockchains in crypto history due to its low fees and EVM compatibility, attracting a massive DeFi and gaming ecosystem. PancakeSwap, the largest DEX on BSC, processes billions in weekly trading volume.
BNB's price is closely tied to Binance's overall health, trading volumes, and the broader DeFi activity on BNB Chain. As one of the top 5 cryptocurrencies by market cap, BNB remains a central pillar of the centralized and decentralized finance landscape.