BNB in a nutshell (May 2025)$BNB
What it is: Utility + gas token for the BNB Chain ecosystem and fee-discount token on Binance exchange.
Supply: Quarterly auto-burns have destroyed > 52 M BNB; goal is to cap supply at 100 M by ~2032.
Recent catalysts (2024-25):
Shanghai upgrade cut gas fees ~15 % and added restaking.
$4.3 B U.S. settlement gave Binance clearer regulatory footing; CZ’s short sentence ends Q3 2025.
Traditional banks (e.g., Standard Chartered) now publish BNB price targets, signalling mainstream coverage.
Numbers (18 May 2025): 149.5 M circulating, ~$98 B market cap (#4).
2025 price forecasts: analyst band roughly $500 – $1,300.
Bull case: rising exchange volumes → bigger fee burns; 1,500+ active dApps lock in BNB demand.
Key risks: U.S. market-share loss, cheaper rival L2s, any new enforcement actions.