BNB Marks 8th Anniversary with Over 10,000 Times Growth

Celebrating its 8th anniversary, Binance's native token, BNB, has recorded a growth of over 10,000 times, moving from less than $1 to over $700 in value. BNB was initially launched on the Ethereum blockchain but now resides on the BNB Chain. The ICO for BNB saw Binance raising $15 million, and over time, the token migrated from Ethereum to become the native token of the Binance Chain, now known as the BNB Chain.

The token has seen increased institutional adoption, with the frequent burning of BNB making it more scarce and valuable. As of writing, the asset’s total supply is about 139.28 million BNB, with one company intending to own at least $1 billion worth of BNB.