Real-Time BNB Price Overview
BNB's current live price is $655.50** with a 24-hour trading volume of **$178,717,413. The price has:
- Decreased by 0.66% in the last 24 hours
- Increased by 1.79% over the past 7 days
Key metrics:
- Market Cap: $92,350,936,930
- Circulating Supply: 140,885,271 BNB
- Market Rank: #5
Historical Context:
Today's BNB price is:
- 17.03% below its all-time high
- 681,940.02% above its historical low
What Is BNB?
BNB is the native token of Binance, one of the world’s largest cryptocurrency exchanges. It powers the Binance ecosystem, including:
- Binance Chain & Smart Chain
- Binance Wallet
- Binance Academy
Originally an ERC-20 token on Ethereum, BNB migrated to Binance Chain in 2019. It now uses a hybrid consensus model combining Proof-of-Stake and Tendermint BFT for security.
Who Created Binance?
Founded in 2017 by Changpeng Zhao (CZ), Binance raised $15M via an ICO (BNB price: $0.10). CZ, a former OKCoin CTO, leveraged his fintech expertise to build Binance into a crypto giant.
BNB Use Cases
- Trading Fee Discounts: Save 25% on Binance fees when paying with BNB.
- VIP Account Tiering: Hold BNB to unlock premium features.
- IEO Participation: Join Binance Launchpad token sales.
- Cross-Platform Payments: Book hotels, buy virtual gifts, and more.
- Dust Conversion: Convert small crypto balances (<0.001 BTC) into BNB.
BNB Tokenomics
- Max Supply: 200M BNB
- Deflationary Model: Quarterly burns via BEP-95 (e.g., $772M burned in April 2022).
- Goal: Reduce supply to 100M BNB.
FAQ
Where Can I Buy BNB?
Top exchanges:
- Binance
- KuCoin
- Kraken
What’s BNB’s All-Time High?
$790.02 (Dec 4, 2024).
What’s the Safest Wallet for BNB?
Hardware options:
- Ledger Nano X
- Trezor Model T
Related Resources:
Prices update in real-time. Last updated: [Current Date].