BNB(BNB) Price

$711.27 +3.83%

Price of BNB(BNB) Today

The live price of BNB (BNB) is $711.27.The current market capitalization stands at $103.75B, with a 24-hour trading volume of $1.24B.BNB has experienced +3.83% in the last 24 hours and has a circulating supply of approximately 145.89M.These figures are updated in real-time to provide the most accurate market data.

BNB(BNB) Profile

Price Range (24h)

24h Low: $684.86 24h High: $711.00

• ATH: $788.84
• Price Change (1h): +0.44%
• Price Change (24h): +3.83%
• Price Change (7d): +6.50%
• Market Cap: $103.75B
• 24h Vol: $1.24B
• Circulating Supply: 145.89M
• Total Supply: 145.89M

About

What Is BNB?

BNB (originally Binance Coin) is the native cryptocurrency of the BNB Chain ecosystem, a blockchain infrastructure developed by Binance, one of the world’s largest cryptocurrency exchanges. Initially launched in 2017 as an ERC-20 token on Ethereum, BNB was later migrated to Binance’s own blockchain - now split into two components: BNB Beacon Chain (governance) and BNB Smart Chain (BSC).

Today, BNB is a multifunctional asset used across Binance’s ecosystem for trading fee discounts, smart contract execution, token transfers, payments, and more. BNB can be bought on specialized exchanges and BNB can be traded for using other cryptocurrencies.

Who Created BNB?

BNB was created by Binance, led by founder and ex-CEO Changpeng Zhao (CZ). It was launched through an Initial Coin Offering (ICO) in July 2017, with a vision to power a range of services across Binance’s fast-growing exchange and blockchain infrastructure.

Though Binance initiated BNB, the BNB Chain is open-source, and over time, governance is expected to shift further toward the community via validators and decentralized proposals.

How BNB Works

BNB plays a central role in the BNB Chain, which consists of the BNB Beacon Chain which handles governance such as staking and voting, as well as BNB Smart Chain which supports smart contracts and decentralized apps (dApps). BSC is fully Ethereum Virtual Machine (EVM) compatible, enabling easy migration of Ethereum-based projects. BNB is used to pay gas fees on BSC, interact with DeFi platforms, mint NFTs, and more. It can also be staked to earn rewards and help secure the network.

What BNB is Used For

BNB is one of the most widely used utility tokens in the crypto ecosystem. Its use cases include obtaining trading fee discounts, paying network fees, facilitating DeFi and dApps, staking and yield farming, token sales, and real-world payments.

BNB Tokenomics and Burning

BNB has a maximum supply of 200 million tokens, but this number is gradually decreasing through a quarterly token burn mechanism. Binance commits to burning (permanently removing) a portion of BNB each quarter based on trading volume.

As of 2025, over 48 million BNB have been burned, reducing circulating supply and creating a deflationary effect. This burning process is now largely automated through the BNB Auto-Burn model and supplemented by real-time burning of a portion of gas fees from the BNB Smart Chain.

BNB(BNB) Price Movements ($)

Period	Amount Change	Change (%)
Today	+$26.24	+3.83%
7 Days	+$43.40	+6.50%
30 Days	+$52.30	+7.94%

BNB(BNB) Conversion Rate

1 BNB to USD
$711.27

FAQ

What is BNB used for?

BNB is a utility token with wide-ranging use cases. It's used to pay trading fees on Binance, cover gas fees on BNB Smart Chain (BSC), and access DeFi services, NFT platforms, and Web3 dApps. BNB is also used for staking, participating in token sales on Binance Launchpad, and even making real-world payments through supported merchants.

Is BNB the same as Binance?

Not exactly. BNB is the native token of the BNB Chain ecosystem, while Binance is the centralized exchange that created and launched BNB in 2017. Although Binance still plays a major role in BNB’s ecosystem, the BNB Chain is a decentralized, open-source blockchain platform, and its future direction is increasingly governed by validators and community proposals.

What’s the difference between BNB Beacon Chain and BNB Smart Chain?

The BNB Beacon Chain handles governance functions such as staking and validator elections. The BNB Smart Chain (BSC) is EVM-compatible and supports smart contracts and dApps, similar to Ethereum. Users typically interact with BNB Smart Chain when using wallets like MetaMask or Trust Wallet to access DeFi protocols.

Does BNB have a limited supply?

Yes. BNB has a maximum supply of 200 million tokens, but that supply is actively reduced through quarterly token burns and gas fee burning. Binance has committed to eventually burning 50% of the total supply, making BNB deflationary over time. This model aims to increase scarcity and support long-term value.

Where can I buy and store BNB?

You can buy BNB directly on Phemex, and we’ll securely hold it on your behalf as a custodial exchange. You can also use other cryptocurrency like USDT to trade BNB on the Phemex spot market. After acquiring BNB, it will be held in your Phemex spot wallet which boasts meticulous security mechanisms.