BNB (BNB) Metrics
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BNB (BNB)
What is BNB?
BNB (Binance Coin) is a cryptocurrency and the native token of the Binance ecosystem, initially launched on the Ethereum blockchain before migrating to its own blockchain, Binance Smart Chain (BSC). The BNB token is primarily used for trading fee discounts on the Binance exchange, participating in token sales on Binance Launchpad, and making payments within the Binance ecosystem. Additionally, it supports various decentralized applications (dApps) on BSC, enabling users to engage in smart contracts and decentralized finance (DeFi) projects. Overall, BNB plays a crucial role in enhancing user experience and utility within the Binance blockchain project.
When and how did BNB start?
BNB (Binance Coin) was launched in 2017 by the Binance exchange, founded by Changpeng Zhao and Yi He. Initially created as a utility token to pay for trading fees on the Binance platform, BNB was developed to enhance user experience and incentivize trading. The coin was first listed on the Binance exchange in July 2017 and quickly gained popularity, leading to significant price appreciation and increased adoption. In its early development, BNB underwent several major events, including quarterly token burns to reduce supply and enhance value, which have shaped its trajectory in the cryptocurrency market.
What’s coming up for BNB?
BNB (Binance Coin) is set for an exciting future as it continues to evolve within the Binance ecosystem. The upcoming roadmap includes the expansion of BNB Chain's capabilities, with a focus on enhancing scalability and interoperability, which will support a wider range of decentralized applications. Additionally, the community is actively engaged in discussions about integrating more use cases for BNB, such as payment solutions and DeFi projects. With these developments, BNB aims to solidify its position as a leading utility token while fostering innovation and growth within its community. Stay tuned for more updates as Binance rolls out these promising features!
What makes BNB stand out?
BNB (Binance Coin) stands out from other cryptocurrencies due to its unique utility within the Binance ecosystem, where it is used to pay for trading fees, participate in token sales on Binance Launchpad, and access various financial services. Unlike many cryptocurrencies that rely solely on traditional proof-of-work or proof-of-stake consensus mechanisms, BNB operates on the Binance Smart Chain, which features a delegated proof-of-stake model that enhances transaction speed and efficiency. Its tokenomics also include a regular token burn mechanism, reducing supply over time and potentially increasing value, making it a unique asset in the crypto space.
What can you do with BNB?
BNB (Binance Coin) is primarily used for payments on the Binance exchange, allowing users to pay trading fees at a discounted rate. It also serves as a utility token within various DeFi apps and NFT platforms, enabling transactions and access to exclusive features. Additionally, BNB can be utilized for staking and governance, giving holders a say in the development of the Binance ecosystem.
Is BNB still active or relevant?
BNB (Binance Coin) is currently active and still traded on numerous exchanges, demonstrating robust trading activity. Development is ongoing, with regular updates and enhancements from the Binance team, and the community remains engaged through various initiatives and discussions. Overall, BNB is not considered an inactive project or abandoned, maintaining its relevance in the cryptocurrency market.
Who is BNB designed for?
BNB (Binance Coin) is primarily built for cryptocurrency investors and traders, serving as the native utility token of the Binance exchange. It is adopted by businesses for transaction fee discounts and used by developers within the Binance Smart Chain ecosystem for decentralized applications (dApps) and DeFi projects. The coin's versatility makes it ideal for a wide range of users, including those in the DeFi space and the broader crypto community.
How is BNB secured?
BNB (Binance Coin) secures its network through a consensus mechanism known as Proof of Staked Authority (PoSA), which combines elements of both Proof of Stake and delegated consensus. In this model, selected validators are responsible for validating transactions and maintaining blockchain protection, enhancing network security while allowing for efficient block production. This unique setup ensures robust consensus and reliability within the Binance Smart Chain ecosystem.
Has BNB faced any controversy or risks?
BNB (Binance Coin) has faced scrutiny due to various controversies, including legal issues surrounding Binance, its parent company, which has been investigated by regulators in multiple countries. Additionally, the coin has experienced significant volatility, raising concerns about market manipulation and investor risk. Security incidents, such as hacks on the Binance exchange, have also impacted user confidence and highlighted the risks associated with holding BNB.
BNB (BNB) FAQ – Key Metrics & Market Insights
Where can I buy BNB (BNB)?
BNB (BNB) is widely available on centralized cryptocurrency exchanges. The most active platform is Binance Futures, where the BNB/USDT trading pair recorded a 24-hour volume of over $523 575 273.26. Other exchanges include Binance and Binance.
What’s the current daily trading volume of BNB?
As of the last 24 hours, BNB's trading volume stands at $1,282,313,150.13 , showing a 30.06% decline compared to the previous day. This suggests a short-term reduction in trading activity.
What’s BNB’s price range history?
All-Time High (ATH): $1 370.98
All-Time Low (ATL): $0.096109
BNB is currently trading ~34.05% below its ATH
and has appreciated +1,242,046% from its ATL.
What’s BNB’s current market capitalization?
BNB’s market cap is approximately $125 705 533 301.00, ranking it #5 globally by market size. This figure is calculated based on its circulating supply of 139 184 442 BNB tokens.
How is BNB performing compared to the broader crypto market?
Over the past 7 days, BNB has gained 0.88%, outperforming the overall crypto market which posted a 1.23% decline. This indicates strong performance in BNB's price action relative to the broader market momentum.
Trends Market Overview
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BNB Basics
| Development status | Working product |
|---|---|
| Org. Structure | Centralized |
| Open Source | Yes |
| Consensus Mechanism | Byzantine Fault Tolerance |
| Algorithm | Tendermint (BFT) |
| Hardware wallet | Yes |
| Started |
15 July 2017
over 8 years ago |
|---|
| Website | binance.com |
|---|
| Source code | github.com |
|---|---|
| Asset type | Coin |
| Explorers (2) | bscscan.com explorer.binance.org |
|---|
| Tags |
|
|---|
| Blog | binance.zendesk.com |
|---|---|
| facebook.com | |
| reddit.com |
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BNB Team
Changpeng Zhao is a Chinese-Canadian business executive, who is the founder and CEO of Binance, the world's largest cryptocurrency exchange by trading volume, as of April 2018. Zhao was previously a member of the team that developed Blockchain.info and also served as chief technology officer of OKCoin.
Changpeng Zhao is engaged in 1 projectsBNB Exchanges
BNB Markets
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).


Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).
Other coins worth interest - similar to BNB
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 845 419 670 354 | $92 466.23 | $39 415 388 819 | 19,957,769 | |||
| 2 | Ethereum ETH | $382 507 415 234 | $3 176.28 | $22 022 175 191 | 120,426,316 | |||
| 4 | XRP XRP | $126 621 399 772 | $2.10 | $3 036 938 461 | 60,331,635,327 | |||
| 7 | Solana SOL | $77 940 589 033 | $139.21 | $3 949 787 257 | 559,896,507 | |||
| 9 | TRON TRX | $24 866 481 876 | $0.287929 | $724 952 063 | 86,363,298,503 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 67 | KuCoin Token KCS | $1 371 274 084 | $10.57 | $8 275 650 | 129,675,262 | |||
| 134 | Basic Attention Token BAT | $437 770 915 | $0.292694 | $66 244 989 | 1,495,658,357 | |||
| 164 | THETA THETA | $342 805 059 | $0.342805 | $13 269 920 | 1,000,000,000 | |||
| 172 | SwissBorg BORG | $307 424 397 | $0.312509 | $625 052 | 983,729,858 | |||
| 178 | Decentraland MANA | $300 735 624 | $0.154838 | $20 736 703 | 1,942,255,184 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 845 419 670 354 | $92 466.23 | $39 415 388 819 | 19,957,769 | |||
| 2 | Ethereum ETH | $382 507 415 234 | $3 176.28 | $22 022 175 191 | 120,426,316 | |||
| 7 | Solana SOL | $77 940 589 033 | $139.21 | $3 949 787 257 | 559,896,507 | |||
| 9 | TRON TRX | $24 866 481 876 | $0.287929 | $724 952 063 | 86,363,298,503 | |||
| 11 | Cardano ADA | $16 850 014 924 | $0.440295 | $570 279 983 | 38,269,816,573 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 845 419 670 354 | $92 466.23 | $39 415 388 819 | 19,957,769 | |||
| 2 | Ethereum ETH | $382 507 415 234 | $3 176.28 | $22 022 175 191 | 120,426,316 | |||
| 7 | Solana SOL | $77 940 589 033 | $139.21 | $3 949 787 257 | 559,896,507 | |||
| 48 | Near Protocol NEAR | $2 134 743 582 | $1.80 | $180 315 028 | 1,185,165,436 | |||
| 193 | 1INCH 1INCH | $267 628 556 | $0.190914 | $18 632 744 | 1,401,828,943 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 17 | LEO Token LEO | $9 032 181 914 | $9.78 | $309 953 | 923,921,789 | |||
| 19 | WhiteBIT Coin WBT | $8 992 248 708 | $62.39 | $129 509 843 | 144,118,517 | |||
| 25 | OKB OKB | $6 546 855 873 | $109.11 | $43 352 619 | 60,000,000 | |||
| 42 | Cronos CRO | $2 843 331 863 | $0.107007 | $13 971 451 | 26,571,560,696 | |||
| 44 | Bitget Token BGB | $2 473 344 315 | $3.53 | $48 113 235 | 699,992,035 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 4 | XRP XRP | $126 621 399 772 | $2.10 | $3 036 938 461 | 60,331,635,327 | |||
| 7 | Solana SOL | $77 940 589 033 | $139.21 | $3 949 787 257 | 559,896,507 | |||
| 9 | TRON TRX | $24 866 481 876 | $0.287929 | $724 952 063 | 86,363,298,503 | |||
| 21 | Stellar XLM | $8 160 578 455 | $0.252440 | $144 670 201 | 32,326,756,138 | |||
| 29 | Avalanche AVAX | $6 116 810 102 | $14.49 | $355 830 654 | 422,275,285 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 2 | Ethereum ETH | $382 507 415 234 | $3 176.28 | $22 022 175 191 | 120,426,316 | |||
| 7 | Solana SOL | $77 940 589 033 | $139.21 | $3 949 787 257 | 559,896,507 | |||
| 9 | TRON TRX | $24 866 481 876 | $0.287929 | $724 952 063 | 86,363,298,503 | |||
| 11 | Cardano ADA | $16 850 014 924 | $0.440295 | $570 279 983 | 38,269,816,573 | |||
| 14 | WETH WETH | $11 963 102 828 | $3 176.69 | $556 430 545 | 3,765,896 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 17 | LEO Token LEO | $9 032 181 914 | $9.78 | $309 953 | 923,921,789 | |||
| 25 | OKB OKB | $6 546 855 873 | $109.11 | $43 352 619 | 60,000,000 | |||
| 37 | Uniswap UNI | $3 604 028 694 | $6.00 | $209 805 895 | 600,425,074 | |||
| 44 | Bitget Token BGB | $2 473 344 315 | $3.53 | $48 113 235 | 699,992,035 | |||
| 67 | KuCoin Token KCS | $1 371 274 084 | $10.57 | $8 275 650 | 129,675,262 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 9 | TRON TRX | $24 866 481 876 | $0.287929 | $724 952 063 | 86,363,298,503 | |||
| 232 | EOS EOS | $185 455 781 | $0.258957 | $157 141 | 716,165,006 | |||
| 409 | ICON ICX | $72 909 771 | $0.067406 | $1 730 010 | 1,081,649,076 | |||
| 467 | Ark ARK | $58 019 926 | $0.301542 | $6 303 158 | 192,410,550 | |||
| 517 | Lisk LSK | $46 907 092 | $0.224167 | $17 279 755 | 209,250,595 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 108 | Nexo NEXO | $631 263 866 | $0.976968 | $8 680 694 | 646,145,840 | |||
| 166 | Gnosis GNO | $338 812 001 | $130.84 | $1 766 201 | 2,589,588 | |||
| 172 | SwissBorg BORG | $307 424 397 | $0.312509 | $625 052 | 983,729,858 | |||
| 267 | LATOKEN LA | $148 092 214 | $0.389608 | $305 791 | 380,105,462 | |||
| 289 | 0x ZRX | $126 747 521 | $0.149397 | $8 673 522 | 848,396,563 |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.
BNB


