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BNB

BNB (BNB)

layer-1

BNB is the native token of the BNB Chain ecosystem (formerly Binance Smart Chain), the largest EVM-compatible blockchain by daily active users, and the utility token for the Binance exchange.

Consensus: Proof of Staked Authority (PoSA)Launched: 2017Official Website

About BNB

BNB (originally Binance Coin) is the native cryptocurrency of the BNB Chain ecosystem and the Binance exchange, the world's largest crypto exchange by trading volume. Originally launched as an ERC-20 token in 2017 for exchange fee discounts, BNB migrated to its own blockchain. BNB Chain consists of the BNB Beacon Chain (governance and staking) and BNB Smart Chain (BSC — EVM-compatible smart contracts). BSC became the dominant alternative to Ethereum in 2021 due to its low fees and fast transactions, attracting massive DeFi and gaming activity. BNB features a quarterly token burn mechanism aiming to reduce total supply to 100 million tokens. The ecosystem includes opBNB (Layer 2) and BNB Greenfield (decentralized storage).

Technical Specifications

2,200+

TPS

~3 seconds

Block Time

$0.03–$0.30

Gas Fees

Proof of Staked Authority (PoSA)

Consensus

Staking

2–4%

APY

1 BNB (delegated staking)

Min Stake

7-day unbonding period

Lock Period

Use Cases

Low-cost DeFi trading and yield farming on PancakeSwap and Venus
Reduced trading fees and Launchpad access on Binance exchange
Running dApps that need high throughput and low costs with EVM compatibility
Payment and utility token across the broader Binance ecosystem

Pros

  • Largest EVM-compatible ecosystem by daily active users
  • Low transaction fees ($0.03–$0.30) and fast 3-second blocks
  • Strong utility as the exchange token for Binance (fee discounts, Launchpad access)
  • Deflationary token burn mechanism reducing supply toward 100M BNB
  • Growing L2 and storage ecosystem with opBNB and Greenfield

Cons

  • More centralized than most L1s — only 21 active validators (PoSA)
  • Heavy dependence on Binance exchange for ecosystem growth and governance
  • Regulatory risks associated with Binance's legal challenges
  • Historically associated with higher rates of scam tokens and rug pulls

Where to Buy

BinanceKrakenBybitOKXKuCoinCrypto.comGate.io

Frequently Asked Questions

This content is for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk.

Quick Info

Symbol
BNB
Category
layer-1
Launched
2017
Smart Contracts
Yes
EVM Compatible
Yes
Staking APY
2–4%

Last updated: 2026-04-01