Overview of BNB
- Circulating Supply: 145,887,576 BNB (72.94% of max 200,000,000 BNB)
- Audit Status: Last audited by CertiK on February 4, 2023 (UTC+8)
Price Performance
- All-Time High: $794.30 (-16.98% / -$134.80 as of December 4, 2024)
- All-Time Low: $201.99 (+226.50% / +$457.51 as of October 10, 2023)
👉 Track BNB's live price updates
Key Features of BNB
Ecosystem Utility:
- Native asset for Binance Chain and Binance Smart Chain (BSC).
- Powers transactions, fee discounts, and token issuance on Binance DEX.
- Used for staking rewards via PoSA (Proof of Staked Authority) consensus.
Tokenomics:
- Initial max supply: 200M BNB; periodic burns target reduction to 100M.
- Deflationary mechanism via quarterly burns.
Adoption Highlights:
- Median transaction fees recently hit record lows ($0.0115 post-Maxwell upgrade).
- Cross-chain innovations like gas-free swaps via @vooi_io v2.
Market Insights
Recent Developments
- CZ’s $10M BNB Donation: Supports Vitalik Buterin’s biotech initiatives, signaling crypto philanthropy growth.
- Fee Reduction: BSC’s Maxwell hard fork cut gas fees by 10% within 24 hours.
Comparative Analysis
- Despite SOL’s social momentum, it dipped 1.4% amid ETF approvals.
- BNB’s real-world utility narratives gain traction vs. speculative price actions.
FAQ
1. What drives BNB’s value?
BNB’s utility across Binance’s ecosystem (fee discounts, staking, DEX operations) and deflationary burns sustain demand.
2. How does BNB differ from ETH?
While both support smart contracts, BNB uses PoSA for faster transactions, whereas ETH relies on PoS post-Merge.
3. Is BNB a good investment in 2024?
Diversify based on ecosystem adoption and burn rates. 👉 Explore BNB trading strategies
Conversion Tool
USD to BNB: Current rate: $659.50 (+2.06% today).
Final Notes
BNB remains a cornerstone of Binance’s multi-chain vision, blending DeFi utility with strategic tokenomics. Stay updated via official resources.
Data accuracy verified as of last update. For real-time metrics, visit BNB Explorer.
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