Binance Coin

Binance Coin
BNB
Contract address
0xb8c7...1bdd52
Copy BNB contract address
$574.79
$14.78(+2.57%)Today
Market cap
77.44B
Total volume (24h)
1.34B
Volume / Market cap
0.0174
Circulating supply
134.78M
Day range (24h)
$559.01$582.92
All-time low
$0.0398
All-time high
$1,369.99

About Binance Coin (BNB)

What is Binance Coin (BNB)?

Binance Coin (BNB) is a decentralized cryptocurrency launched in 2017 that is the native token for Binance exchange. Pronounced “BEE-en-BEE,” BNB was originally created as an ERC-20 token on the Ethereum blockchain. In 2019, BNB migrated from Ethereum to Binance’s own blockchain network, called Binance Chain. In 2020, Binance launched Binance Smart Chain (BSC), a more versatile blockchain supporting smart contract. When it was launched, BNB's primary use was as a utility token, giving Binance users discounted trading rates when on Binance exchange. 

How does BNB chain work?

BNB chain uses a Proof of Staking Authority consensus mechanism to validate transactions made on the blockchain. The technology incorporates an amalgamation of delegated Proof of Stake (dPos) and Proof of Authority (PoA) methods. 

What are the benefits of PoSA?

In PoSA, network validators are selected based on the amount of crypto they stake, as well as their reputation, aka authority. This consensus mechanism results in a smaller amount of validators checking transactions onchain, which is less decentralized than PoS, but can facilitate a faster, more scalable network. Having less validators means a reduction in the communication needed between them. However, this structure can leave the blockchain network more vulnerable to attacks. 

What is Binance Coin (BNB) used for?

Today Binance Coin can be used both inside and out of the Binance ecosystem. This includes staking, accessing decentralized apps (dapps), governance decisions, travel booking, and financial services.

Price history

Today (June 6, 2026)$574.79+2.57%
24 hours ago (June 5, 2026)$560.39+2.57%
1 week ago (May 30, 2026)$712.41-19.32%
1 month ago (May 7, 2026)$643.28-10.65%
1 year ago (June 6, 2025)$645.43-10.94%

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BNB market moves

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24h change: -1.42%. From $662.18 to $652.79.

  • BNB Chain completed multiple hard forks including Fermi that reduced average block time to around 0.45 seconds and finality to approximately 0.65 seconds. Network bandwidth and daily gas throughput increased substantially as a result. These changes improve the experience for decentralized applications, DeFi, real-world asset tokenization, and AI agent development on the chain. The upgrades help the network compete on speed while remaining decentralized.
  • Binance users can now trade perpetual contracts that reflect expected IPO pricing before traditional market openings. The products give broader access to high-profile names including potential SpaceX-related contracts. Activity on the exchange platform indirectly supports BNB utility through trading fees and ecosystem engagement. Official accounts highlighted the development as a step toward more inclusive market access.
  • Asset managers have launched or filed for BNB-related exchange-traded products including a physically backed ETP on Nasdaq Stockholm. BNB Chain is cited as a leader for real-world asset tokenization with expanding DeFi and developer support. Grayscale and others show continued interest through filings and partnerships. These developments reflect broader adoption signals for the token and underlying chain.

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