$BNB Here’s a detailed overview of **BNB (Binance Coin)**, including its current status, key features, and ecosystem:
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### **1. Current BNB Price and Market Data (as of July 26, 2025)**
- **Price**: $782.34 (USD) or **ZAR 13,902.38** .
- **Market Cap**: $108.97 billion (ranked #5 by market capitalization) .
- **24h Trading Volume**: $2.02 billion .
- **All-Time High**: $809.31 (reached on July 23, 2025) .
- **Circulating Supply**: 139.28 million BNB (out of a max supply of 200 million) .
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### **2. What Is BNB?**
BNB is the native token of the **BNB Chain ecosystem**, originally launched in 2017 as a utility token for the Binance exchange. It has since evolved into a multi-chain asset powering:
- **BNB Smart Chain (BSC)**: A scalable EVM-compatible blockchain for DeFi and dApps.
- **opBNB**: A Layer-2 solution for faster/cheaper transactions .
- **BNB Greenfield**: A decentralized storage network .
**Key Utilities**:
- Pay transaction fees on BNB Chain (with discounts) .
- Governance voting for BNB Chain proposals .
- Staking rewards (validators require 10,000 BNB) .
- Use in DeFi, NFTs, and tokenized assets (e.g., real-world equities) .
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### **3. BNB Burn Mechanism**
- **Auto-Burn**: Reduces total supply to **100 million BNB** based on price and block production .
- **Gas Fee Burns**: A portion of BSC gas fees is burned in real-time .
- **Historical Burns**: Over 16.7 million BNB burned since 2017 .
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### **4. Advantages of BNB**
- **Low Fees**: BSC transactions are significantly cheaper than Ethereum .
- **Ecosystem Growth**: Over 2,000 dApps and high TVL (Total Value Locked) .
- **Binance Integration**: Discounts on trading fees, VIP perks, and access to token sales .
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### **5. Risks and Criticisms**
- **Centralization**: BNB Chain uses a hybrid **Proof-of-Stake-Authority (PoSA)** model with fewer validators than Ethereum, raising decentralization concerns .
- **Security Risks**: Binance exchange has faced hacking incidents (e.g., $570M exploit in 2022) .
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### **6. How to Buy B
