What is BNB (BNB)?
BNB is a cryptocurrency that can be used to trade and pay fees on the Binance cryptocurrency exchange. BNB is also the cryptocurrency coin that powers the BNB Chain ecosystem. As one of the world's most popular utility tokens, BNB is useful to users in a wide range of applications and use cases.
BNB was launched through an Initial Coin Offering (or ICO) that took place from June 26th to July 3rd, 2017 - 11 days before the Binance Exchange opened for trading. The issue price was 1 ETH for 2,700 BNB or 1 BTC for 20,000 BNB. Although BNB was launched through an ICO, BNB does not provide users with a claim on Binance profits and does not represent an investment in Binance.
With various applications, both within the BNB Chain ecosystem and beyond, BNB serves numerous purposes. Originally launched as an ERC-20 token on the Ethereum blockchain, BNB has now migrated to the main BNB Chain. Although the initial total supply was set at 200 million coins, the supply is gradually decreasing as a result of frequent coin burns. At the time of writing, the current circulating supply of BNB stands at 144 million.
What Was the Fermi Hard Fork?
The Fermi hard fork was a network upgrade to BNB Smart Chain (BSC) completed on January 14, 2026. The upgrade reduced block times from 0.75 seconds to 0.45 seconds, enabling faster transaction confirmations. It also strengthened fast finality rules to help maintain network stability and predictability as on-chain activity continues to grow.
What's the next upgrade after BNB's Fermi Hard Fork?
The next official hard fork name after Fermi hasn’t been announced yet. BNB Chain continues with ongoing performance and scalability enhancements outlined in its 2026 roadmap.
Why Does the Price of BNB Go Up and Down?
The price of BNB is influenced by several factors unique to its utility and ecosystem. Like many cryptocurrencies, BNB is impacted by market sentiment, liquidity, and speculation. But beyond that, its price is closely tied to the activity within the Binance ecosystem — including trading fee discounts, token burns, Launchpad demand, and Binance Chain adoption — all of which can shift supply and demand dynamics.
BNB has a capped supply, and Binance conducts periodic token burns that reduce its total circulating supply, which can contribute to upward price pressure when demand remains strong. At the same time, large holders (“whales”), regulatory developments, and changes in user adoption can trigger volatility, especially in a still-maturing market.
BNB is listed on Binance for trade and purchase. The current price of BNB is updated and available in real-time on Binance.
