BNB Celebrates 8th Birthday, Marks Over 10,000x Growth
2025-07-14 09:37:32
Main Idea
BNB, Binance's native token, has grown significantly since its ICO in 2017, transitioning from Ethereum to BNB Chain and achieving a market cap of $98.4 billion, supported by a buyback and burn program to increase scarcity and value.
Key Points
1. BNB was launched via an ICO in July 2017, raising $15 million by selling tokens at $0.15 each, with a total initial supply of 200 million BNB.
2. The token migrated from Ethereum to Binance Chain in April 2019 and later became part of BNB Chain.
3. BNB reached a market cap of $98.4 billion, making it the fifth-largest crypto asset, behind XRP and USDT.
4. Binance implemented a buyback and burn program, reducing BNB's total supply to about 139.28 million tokens through 32 burns.
5. BNB's value grew from less than $1 to over $700, driven by scarcity from the burn program and increased institutional adoption.
Description
In July 2017, the world’s largest crypto exchange, Binance, launched its native token, BNB, on the Ethereum blockchain. Today, that coin now lives on the BNB Chain and has recorded massive growth. Within eight years, the value of BNB has moved from less than $1 to over $700, with significant adoption in real use cases. To commemorate the asset’s eighth birthday, we will be going down memory lane and looking at what the future holds for its price. BNB started trading 8 years ago today, price was ...
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