BNB (BNB)

BNB is the native cryptocurrency of the Binance exchange, currently ranking fourth by market capitalization. As of the latest data, its price stands at $578.01, with a total market cap of approximately $80.45 billion. The token has a circulating supply of 139,184,442 units against a maximum supply of 200,000,000. Recent performance shows a 24-hour change of -4.45% and a seven-day decline of -9.66%. Its all-time high was $1,370.98, representing a current change of -57.82% from that peak.

Key Characteristics

• BNB operates on a Delegated Proof Of Stake consensus mechanism.
• It functions as a Layer 1 cryptocurrency supporting high transaction speeds.
• The token is integral to the Binance ecosystem for trading fee discounts.
• It facilitates smart contracts and decentralized finance applications.
• BNB is associated with the FTX Holdings entity.