About BNB
BNB is the native token of BNB Chain and is used for transaction fees and trading-fee discounts on the Binance exchange ecosystem.
What moves the BNB price
- Activity on BNB Chain.
- Exchange volumes and regulatory news.
- Periodic token burns that reduce supply.
- Broader crypto sentiment.
Tied to Binance
BNB was created by Binance, the world's largest crypto exchange by trading volume, and its value is closely linked to the exchange's business. Trading-fee discounts, token launch platforms and the BNB Chain ecosystem all create demand. That also means exchange-specific news, from regulatory settlements to security incidents, can move BNB more than the wider market.
Burns and ecosystem activity
A quarterly auto-burn removes BNB from circulation according to a formula linked to price and on-chain activity, and a portion of gas fees is also burned in real time. On-chain activity on BNB Smart Chain, including decentralised exchanges and new token launches, influences fee demand. Watch for exchange reserves and regulatory headlines alongside the general crypto trend.
Key facts
| Launched | 2017, as an exchange utility token |
|---|---|
| Chain | BNB Smart Chain, an EVM-compatible network |
| Supply policy | Quarterly auto-burns aiming to reduce supply towards 100 million BNB |
| Uses | Gas fees on BNB Chain, trading-fee discounts and launchpad access on Binance |
Crypto trades 24/7 on many exchanges, so prices vary slightly between venues.
BNB FAQ
What moves the price of BNB?
Activity on BNB Chain. Exchange volumes and regulatory news. Periodic token burns that reduce supply. Broader crypto sentiment.
Does BNB trade 24/7?
Yes. BNB trades around the clock on many exchanges worldwide, so prices differ slightly between venues and liquidity is usually thinner at weekends.
Where does the BNB data on this page come from?
The chart and technical gauge use the BINANCE:BNBUSDT pair via TradingView; market cap, supply and 24-hour data come from CoinGecko and refresh about every 15 minutes.
What is BNB used for?
Paying transaction fees on BNB Chain, discounts on Binance trading fees, and participation in token launches and other ecosystem services.
Is BNB supply decreasing?
Yes. Quarterly auto-burns and real-time fee burns reduce the supply, with a stated long-term target of 100 million BNB.