About BNB
BNB is the native token of the BNB Chain, originally launched in July 2017 by Binance as an ERC-20 token to fund the development of the Binance exchange. BNB later migrated to its own chain and now powers two interoperable networks: BNB Beacon Chain for governance and BNB Smart Chain (BSC) for smart contracts. Holders use BNB to pay reduced trading fees on Binance, settle gas on BSC, participate in token launches via Binance Launchpad, and stake to validators that secure the network.
BNB Smart Chain is an EVM-compatible blockchain secured by a delegated proof-of-stake-with-authority consensus run by a rotating set of validators elected through staked BNB. Block times are around three seconds with low fees, which has made BSC one of the highest-throughput EVM environments. The protocol performs an automatic quarterly burn of BNB based on on-chain activity, working toward a long-term target supply of 100 million BNB from an initial 200 million.
BNB Chain hosts a large ecosystem of decentralized exchanges (PancakeSwap), lending protocols, GameFi titles, NFT marketplaces, and consumer dApps, supported by tooling that mirrors Ethereum's. The wider BNB ecosystem extends into opBNB, a layer-2 rollup, and the Greenfield decentralized storage network. As the utility token of one of the largest exchanges in the world, BNB also functions as a payment, fee, and reward asset across Binance products.
Crypto Market Watch tracks the live BNB price ranked #4 by market capitalisation, 24-hour and 7-day price changes, market capitalisation, trading volume, circulating supply, and all-time highs and lows on this page. Data refreshes continuously throughout the trading day so investors can monitor BNB market activity in real time.
