In July 2017, the world’s largest crypto alternate, Binance, launched its native token, BNB, on the Ethereum blockchain. In the present day, that coin now lives on the BNB Chain and has recorded large progress.
Inside eight years, the worth of BNB has moved from lower than $1 to over $700, with important adoption in actual use circumstances. To commemorate the asset’s eighth birthday, we might be happening reminiscence lane and taking a look at what the longer term holds for its worth.
BNB began buying and selling 8 years in the past at this time, worth was $0.06. In the present day $698.00. A bit over 10,000x.
Comfortable eighth birthday!
— CZ BNB (@cz_binance) July 14, 2025
From ICO to Icon
Binance held the preliminary coin providing (ICO) for BNB from June 26 to July 3, 2017. The asset’s complete provide was 200 million on the time; nevertheless, Binance provided solely 100 million tokens for public sale. The agency had allotted the remaining 50% to the founding workforce and angel buyers at 40% and 10%, respectively.
Throughout the public sale, Binance raised $15 million by promoting every token for 15 cents. ICO members had been to both pay one ether (ETH) for two,700 BNB or one bitcoin (BTC) for 20,000 BNB. Eleven days after the ICO, the Binance alternate opened for buying and selling, alongside BNB.
Following the completion of the Binance Chain in April 2019, BNB migrated from Ethereum to develop into the native token of the brand new community. Over time, the Binance Chain has undergone a number of modifications which have led it to develop into the BNB Chain recognized at this time.
In 2021, BNB turned the third-largest crypto asset by market capitalization. Nevertheless, it’s at the moment the fifth-biggest, trailing behind Ripple’s XRP and Tether’s USDT, with a market cap of $98.4 billion.
Rising Institutional Adoption
Shortly after launching BNB, Binance determined to cut back the token’s provide by 100 million BNB, so it began a buyback and burn program. The purpose was to repurchase BNB from the market and destroy the cash by sending them to a black deal with.
In December 2021, Binance launched a BNB Auto-Burn program, which mechanically adjusts the quantity of BNB to be destroyed primarily based on worth and transaction block metrics. The corporate simply accomplished its thirty second burn, lowering the asset’s complete provide to about 139.28 million BNB.
The frequent burning of BNB has made the coin scarce, and because of this, extra invaluable. The asset was price roughly $706 on the time of writing, marking no less than 10,000x progress. This mechanism may very well be a contributing think about pushing the coin to new highs as time progresses.
In the meantime, BNB is seeing elevated institutional adoption. Some firms have adopted the asset of their company treasuries, with one aspiring to personal no less than $1 billion price of BNB.
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