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
Tether Emerges as a Major Player in Global Gold Markets
Tether has surpassed many central banks in gold purchases, raising eyebrows in both crypto and precious metals sectors.
Spain's Sumar Group Proposes Stricter Crypto Tax Regulations
Spain's Sumar parliamentary group proposed stricter tax regulations on cryptocurrencies, aiming to switch taxation from savings to general income base, potentially raising rates from 30% to 47%.
Jackie Chan Netflix Documentary Rumor Debunked by Changpeng Zhao
A rumor claiming that Jackie Chan would star as Changpeng Zhao in a Netflix documentary has been debunked by Zhao, maintaining market stability.
Michael Green's Harsh Critique of Bitcoin: A Monopoly Game?
Macro investor Michael Green critiques Bitcoin's design as economically brittle and socially corrosive, arguing it fails as a peer-to-peer payment system and reinforces economic inequality.
Spoofing Attacks Target Monad Token Transfers
Bad actors have begun spoofing token transfers on the Monad network less than two days after its official launch, misleading users with fake transactions.
Stablecoin Transfer Volume Surpasses 50 Trillion
Stablecoins have surpassed 50 trillion in annual transfer volume, highlighting their importance in the global financial system and decentralized finance.
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