A token that started as a discount voucher for traders

It has now become an ecosystem worth $180 billion.

And still most people do not realize how Binance transformed $BNB

To one of the strongest assets in the market🧵

In 2017, BNB was launched at a price of $0.15.

It was simple, a way to pay lower trading fees.

But when Binance became the largest exchange, this "voucher" became a gold mine.

Every transaction, every listing

BNB was at the center.

Then came the turning point.

Binance built its own chain, then a full EVM blockchain:

Binance Smart Chain.

It was fast, cheap, and easy to use.

While others were discussing decentralization

BSC brought in millions through Binance

And BNB became gas.

And demand exploded.

By 2021, BNB was processing 30 million daily transactions.

TVL surpassed $20 billion.

And PancakeSwap turned small traders into millionaires overnight.

BNB reached $690.

People said it was "too centralized".

But users didn't care, it succeeded.

When the bear market hit

BNB didn't disappear even when the price dropped

CZ continued to build.

They introduced automatic burning, real-time gas burn (BEP-95), and faster blocks.

The chain survived FUD, regulations, and exchange attacks

BNB continued to process millions of transactions daily

2024 changed everything again.

The BNB chain merged into one main EVM chain.

Then came opBNB

Second layer with fees of $0.001 and blocks ~0.75 seconds.

Greenfield added decentralized storage.

BNB stopped being just an exchange token

The year 2025 proved this strategy's success.

• 58 million active wallets monthly

• About 20 million daily transactions

• TVL returned above $15 billion

• BNB sets a new record: $1328

All this while most other L1 networks couldn't reach their previous record numbers.

BNB became the silent giant

Its economics are tough (in a positive sense)

• Initial supply 200 million

• Target 100 million

• Approximately 60.8 million (30%) were burned

• Automatic burn every three months + gas burn per block

Shrinking supply with increasing usage.

From $0.15 to $1328 in eight years.

7800 times

BNB's dominance now relies on one thing, which is trust.

Binance still faces pressure from regulators and accusations of centralization.

But the chain keeps running and the burn continues

How far can $BNB go in this cycle?