What is BNB?
BNBBNB is the native coin of BNB Chain, a smart-contract blockchain created by the Binance ecosystem.
The tokenBNB pays transaction fees on BNB Chain, is staked by its validators and has utility on Binance's exchange; part of the supply is burned every quarter.
Supply and what is still to come
How many coins exist, how many can, who holds the part not yet circulating and what the schedule releases.
- Circulating supply
- 131.5 million BNB
- Total supply
- 131.5 million BNBin existence, locked or not
- Maximum supply
- None fixedno new BNB can be created; the supply only falls as BNB is burned, towards a target of 100 million
- Supply in 10 years
- 131.5 million BNBno more BNB can be created, so at most today's total supply exists in 10 years
A year in the market
Measured on the daily closes of our own US dollar price index.
- Return, past year
- −30.9%daily closes
- Volatility, past year
- 44%annualised, daily log returns
- Deepest fall from a peak, past year
- −45.2%daily closes
- Below its all-time high
- −47.3%high of $1,307 on 8 Oct 2025
- Correlation with bitcoin
- 0.82daily returns, past year; 1 is lockstep
- Beta to bitcoin
- 0.82its usual move for a 1% move in bitcoin
Points to check
What our data shows that a holder should know. Each point is a measurement, not a rating.
- Supply we cannot count
We do not run a BNB node: the supply is the project's or network's published figure, read every hour and labelled as such.
- Price swings
Its daily moves were about as large as bitcoin's over the past year (volatility 44% against 44%).
- Moves with bitcoin
Its daily returns had a correlation of 0.82 with bitcoin's over the past year, so it has added little diversification to a bitcoin holding.
Questions
What is BNB?
BNB is the native coin of BNB Chain, a smart-contract blockchain created by the Binance ecosystem.
What is BNB used for?
BNB pays transaction fees on BNB Chain, is staked by its validators and has utility on Binance's exchange; part of the supply is burned every quarter.
Is BNB's supply capped?
No fixed maximum (no new BNB can be created; the supply only falls as BNB is burned, towards a target of 100 million); the total supply today is 131.5 million BNB.
Where is BNB traded?
On 11 of the 11 exchanges we read: 9 list spot pairs against the dollar or a dollar stablecoin and 11 list perpetual futures. The token finder lists every pair.
Supply from our own nodes or the project’s published figures, prices from our own indexes, listings from the exchanges’ own instrument lists. Last update