Binance Coin (BNB) is the primary token of the Binance exchange, utilized for transaction fees and rewards within the platform. With a maximum supply of 200 million tokens, more than 153 million BNB tokens are currently in circulation. The market capitalization of BNB exceeds $91 billion, reflecting a significant surge in value from $290 in January 2024 to $724 in June of the same year. The price metrics and tokenomics of BNB demonstrate its growing popularity and market performance.
Binance Coin Tokenomics and Price Analysis
by Giorgi Kostiuk
a year ago
0
Other news
Asian Ethereum DAT Project Cancelled Amid Market Downturn
An Ethereum DAT project backed by prominent Asian investors has been cancelled due to a bearish price trajectory in the cryptocurrency market.
Solana Spot ETFs Report Net Inflows Amid Market Challenges
Amid ongoing challenges in the cryptocurrency market, Solana spot ETFs reported significant net inflows of $300.9 million, marking a streak of 15 consecutive days of inflows.
SHIB Token Expands Utilities and Gains Attention
The SHIB token is enhancing its digital asset utilities and forming partnerships to increase its utility.
Mutuum Finance Introduces Dual Lending Model
Mutuum Finance's dual lending model offers flexibility for various users in the DeFi space.
Axie Infinity Introduces AIP003 to Boost Governance Participation
Axie Infinity has launched AIP003, a new feature that allows AXS tokenholders to delegate their votes, enhancing governance participation.
Kraken Redefines Trust in Crypto
Kraken has established itself as a leader in the crypto industry by prioritizing regulation, transparency, and security over market hype.
Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter