In July 2017, the world’s largest crypto change, Binance, launched its native token, BNB, on the Ethereum blockchain. As we speak, 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 instances. To commemorate the asset’s eighth birthday, we will likely be taking place reminiscence lane and taking a look at what the long run holds for its worth.
BNB began buying and selling 8 years in the past at present, worth was $0.06. As we speak $698.00. A bit over 10,000x.
Glad 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 supplied solely 100 million tokens for public sale. The agency had allotted the remaining 50% to the founding workforce and angel traders at 40% and 10%, respectively.
In the course of 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 change opened for buying and selling, alongside BNB.
Following the completion of the Binance Chain in April 2019, BNB migrated from Ethereum to grow to be the native token of the brand new community. Through the years, the Binance Chain has undergone a number of modifications which have led it to grow to be the BNB Chain identified at present.
In 2021, BNB grew to become the third-largest crypto asset by market capitalization. Nevertheless, it’s presently 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 scale back the token’s provide by 100 million BNB, so it began a buyback and burn program. The goal was to repurchase BNB from the market and destroy the cash by sending them to a black tackle.
In December 2021, Binance launched a BNB Auto-Burn program, which robotically adjusts the quantity of BNB to be destroyed based mostly on worth and transaction block metrics. The corporate simply completed 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 consequently, extra beneficial. The asset was price roughly $706 on the time of writing, marking a minimum of 10,000x progress. This mechanism could possibly 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 intending to personal a minimum of $1 billion price of BNB.
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