Binance Coin
BNB powers the Binance ecosystem, including its exchange, Smart Chain (BNB Chain), and DeFi platforms. It offers fee discounts, staking, and is used for gas on the BNB Smart Chain. BNB is regularly burned to reduce supply, supporting its long-term value proposition. It’s a strong utility token with widespread adoption.
| Binance Coin | |
|---|---|
| Market Cap Rank | 4 |
| Sector / Use Case | Exchange & Utility |
| Consensus Mechanism | Proof-of-Stake |
| Year Launched | 2017 |
| Current Price Range | $200-$700 |
| All-Time High | $686 (May 2021) |
| Staking Rewards (%) | 5-10% |
| Developer Activity Level | High |
| Institutional Adoption | High |
| Notable Features | Utility coin for Binance ecosystem |
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