---
💡 The Beginning of the Story: What is BNB?
BNB (Binance Coin) was launched in July 2017 as part of the initial coin offering (ICO) for the Binance platform. The idea was simple at first:
A currency used to reduce trading fees within the platform.
However, over time, the currency evolved from just a means to reduce fees to a versatile tool operating in an integrated ecosystem that includes:
Binance Smart Chain (private blockchain)
DeFi applications
NFTs
Payments and purchases
Decentralized finance
---
📈 Market Analysis: How has BNB Developed?
BNB started at a price of less than one dollar, but today it trades at levels exceeding hundreds of dollars, having previously reached over 600 dollars at the market peak in 2021.
This jump did not come out of nowhere:
Year Average Price Major Events
2017 $0.11 Currency launch via ICO
2018 $13 Beginning of Binance's global expansion
2020 $40 Launch of Binance Smart Chain
2021 $690 (Peak) Rise of cryptocurrencies and expanded use of BNB
2023-2025 $200 - $600 Market fluctuations and legal regulations