Binance Coin ($BNB ), now known as Build and Build, was launched in July 2017 by Changpeng Zhao (CZ) as a utility token for the Binance exchange. Initially operating on the Ethereum blockchain as an ERC-20 token, BNB transitioned to Binance's own blockchain, the Binance Chain, in 2019. In 2022, Binance Smart Chain was rebranded to BNB Chain, reflecting its broader ecosystem.
š BNB's Growth Trajectory
BNB has experienced significant growth since its inception:
2017: Launched at approximately $0.10 during its ICO.
2021: Surpassed $600 amid the crypto bull market.
July 2025: Achieved a new all-time high of $855, with a market capitalization exceeding $118.5 billion.
As of July 29, 2025, BNB is trading at $834.41, reflecting a 44.88% increase over the past year.
š Factors Driving BNB's Growth
Several key factors have contributed to BNB's impressive performance:
Utility:
BNB offers trading fee discounts on Binance and is integral to the BNB Chain ecosystem, supporting decentralized applications and DeFi projects.
Token Burns:
Regular token burns reduce BNB's circulating supply, potentially increasing its value.
Institutional Adoption:
Companies like CEA Industries have announced significant investments in BNB, signaling growing institutional interest.