August 16 BNB Market Overview
- BNB to USD: 1 BNB = $236.70
- Market Cap: $36.39B
- Circulating Supply: 153.85M BNB
- Total Supply: 200M BNB
- 24H Trading Volume: $487.93M
- 7-Day Price Change: -3.31%
- Daily Price Range: $236.30 - $237.40
Real-Time BNB Price Data
BNB’s current price is $236.51**, with a 24-hour trading volume of **$490M. As of 00:00 (UTC+8), BNB’s price dropped by 0.93%. It ranks 4th by market capitalization ($364.07B), with a circulating supply of 154M BNB and a max supply capped at 200M BNB.
👉 Track live BNB/USD updates here
BNB Price Performance (USD)
| Timeframe | Change | Percentage |
|---|---|---|
| Today | -$2.34 | -0.97% |
| 7 Days | -$7.89 | -3.22% |
| 30 Days | -$6.95 | -2.85% |
| 3 Months | +$1.09 | +0.47% |
What Is Binance Coin (BNB)?
Launched in 2017 via an ICO, BNB transitioned from an ERC-20 token on Ethereum to its native BEP-2 standard after the Binance Chain mainnet went live in April 2019. Key features include:
- Utility: Discounts on Binance trading fees, participation in LaunchPad token sales.
- DEX Role: Primary currency for Binance’s decentralized exchange.
Can BNB Be Mined?
No. Binance Chain uses Byzantine Fault Tolerance (BFT), relying on validators (not miners) to secure the network and earn rewards.
Understanding BNB Burns
Originally executed via Ethereum smart contracts, BNB burns now occur on Binance Chain. Burns are tied to Binance’s quarterly trading volumes to reduce supply and enhance scarcity.
👉 Learn more about BNB’s tokenomics
FAQ
Q1: Is BNB a good investment in 2024?
A1: While BNB offers utility within the Binance ecosystem, always conduct independent research and assess market risks.
Q2: How often does Binance burn BNB?
A2: Quarterly, based on the exchange’s trading volume.
Q3: Where can I stake BNB?
A3: On Binance Launchpad, DeFi platforms, or through Binance Chain validators.
Disclaimer: This content is for informational purposes only and does not constitute financial advice.