$BNB BNB is the native cryptocurrency of the Binance ecosystem. Since its initial issuance in 2017, its value and market performance have attracted widespread attention. Recently, BNB has experienced a new round of explosive growth under the active promotion of Binance founder Zhao Changpeng (CZ). Especially in March, as ecological hotspots continued to emerge, BNB's price broke through $700, and its market capitalization remained in the top five cryptocurrencies. This growth is not only due to the investment boost from the UAE but also because of a significant influx of funds into PVP projects on the BNB chain, greatly increasing the demand for BNB. Additionally, Binance's launch of features such as the 'Gas-Free' trading shield, smart investment advisory tools, and Meme builders has significantly lowered the user threshold, optimized the developer experience, and further promoted the prosperity of the ecosystem.

BNB Basic Information

Total Issuance: The initial total issuance of BNB was 200 million coins, but through a continuous destruction mechanism, the circulating supply has gradually decreased. Currently, the circulating supply of BNB is approximately 145 million coins, with a plan to ultimately reduce it to 100 million coins.

Deflationary Mechanism: BNB is destroyed quarterly based on trading volume, and this mechanism ensures that the supply of BNB decreases over time, thereby maintaining its deflationary property.

Market Performance: BNB is favored by investors for its widespread application in the Binance ecosystem, and its price fluctuations are closely related to the overall trends in the cryptocurrency market.