What is BNB?
BNB is the native asset of BNB Chain, the blockchain ecosystem built around Binance - the world's largest cryptocurrency exchange by volume. Launched as an ERC-20 in 2017 to fund Binance's ICO, it migrated to its own chain the following year and is now used across both the BNB Smart Chain (EVM-compatible) and the BNB Beacon Chain.
BNB started as an exchange utility token - holders received trading-fee discounts - and evolved into a gas token, governance asset and participant in Binance's quarterly burn program that permanently retires BNB until supply reaches 100 million.
How does BNB Chain work?
BNB Smart Chain (BSC) is a Proof-of-Staked-Authority EVM chain. A rotating set of 41 active validators produces blocks every three seconds, and a larger set of candidate validators can rotate in based on stake. This design trades some decentralization for high throughput and low fees - transaction costs typically sit under a cent.
Because BSC is EVM-compatible, it runs essentially every Ethereum-tooled application: dex aggregators, lending protocols, perps platforms, NFT markets. This compatibility was a major driver of BSC's growth during the 2021 bull market and keeps it a primary hub for Asia-Pacific liquidity today.
What is BNB used for?
BNB is used to pay gas fees on BNB Chain, stake for validator rotation, vote on on-chain governance proposals, and earn fee discounts on Binance's exchange products. It is also used as collateral on Binance's Launchpad and Launchpool programs, giving holders first access to new token issuances.
Outside its chain-native utility, BNB is widely held as a market asset and is one of the most liquid non-BTC tokens across centralized and decentralized venues. Its deflationary burn schedule creates long-running supply pressure that makes it a common building block in funding and basis trades.
Where can you buy BNB?
BNB (BNB) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for BNB sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
You can open the Markets section above to see the live list of exchanges quoting BNB, sorted by 24-hour volume. Each row links to the venue's trade page so you can go directly from research to execution without copying the ticker around by hand.
What is the daily trading volume of BNB (BNB)?
The reported 24-hour trading volume of BNB is $119.01M. Volume is a live reading of how much BNB changed hands across all tracked exchanges in the past day and tends to rise during periods of price discovery and fall during consolidation.
For traders, the ratio between volume and market cap is often more informative than either number on its own: a high vol-to-mcap ratio indicates liquid, actively traded supply, while a low ratio suggests that most holders are sitting on the asset.
What is the highest and lowest price for BNB (BNB)?
BNB reached an all-time high of $1,369.99 on its all-time high, and an all-time low of $0.0398 on its all-time low. It is currently trading - from its peak and - from its bottom.
The distance from ATH is a useful gauge of recovery potential during a bear market and of stretched positioning during a bull market. Combined with the all-time-low figure it provides a quick statistical frame for thinking about where BNB sits in its long-run price range.
What is the market cap of BNB (BNB)?
BNB's market capitalization is currently $86.09B, and it is ranked #4 by market cap on Cryptopricing. Market cap is calculated as the current price multiplied by the circulating supply (134.79 million BNB are actively circulating today).
Market cap is a common but imperfect measure. It reflects the theoretical value of every circulating token at the current market price, but it doesn't capture how thin the top of the order book might be - an important caveat for tokens with low floats or illiquid cap tables.
What is the fully diluted valuation of BNB (BNB)?
The fully diluted valuation (FDV) of BNB is $86.09B. FDV is a projection of what the market cap would be if every token that will ever exist - including those that have not yet been unlocked, mined or issued - were in circulation at the current price.
FDV is a useful second reading alongside market cap. A large gap between mcap and FDV signals that future token emissions could dilute current holders, while a small gap indicates that supply is already mostly out.
How does the price performance of BNB compare against its peers?
Over the past 24 hours, BNB has moved -1.42%. Over the past seven days, the change is +3.41%. Comparing these figures to the global crypto market cap change (shown in the ticker at the top of this page) tells you whether BNB is leading, lagging or tracking the broader market.
For deeper analysis, the categories strip on the home page groups coins by theme - Layer 1, Meme, DePIN, AI, RWA and so on - and lets you compare BNB against its closest peers. The category detail pages surface the underlying coins and their seven-day sparklines in a single view.
How to store BNB?
Like any crypto asset, the right way to store BNB depends on how often you plan to use it. Long-term holders typically self-custody using a hardware wallet such as Ledger or Trezor, which keeps private keys offline and immune to most remote attacks.
For active traders, a reputable custodial exchange wallet can be appropriate, especially one with clear proof-of-reserves attestations. Whatever approach you choose, the most important rule is to keep your recovery phrase offline, never share it, and never enter it into a web form or attached to a DM - no legitimate support agent will ever ask for it.
