Bubble
BNB BNB
BNB (BNB) was trading at $569.74, ranked #4 by market cap at $75.87B, with 24h volume of $557.55M.
Data snapshot: 2026-07-22 18:00 UTC.
BNB is the native token of BNB Chain and the exchange token of Binance, the world's largest crypto exchange by trading volume. Originally launched in 2017 as an ERC-20 token to pay reduced trading fees on Binance, it has since expanded into the gas token for BNB Chain's own EVM-compatible blockchain, powering a large ecosystem of DeFi and consumer apps. BNB has two jobs that are usually discussed as one: it discounts trading fees on the largest exchange, and it is the gas token of BNB Chain. That combination makes it unusual — it has both a business attached to it and a network attached to it. The protocol burns BNB regularly, reducing supply over time in a way tied to activity. The concentration risk is the thing to weigh honestly: its value is linked to the fortunes of a single company operating in a heavily contested regulatory environment, which is a different kind of risk from a protocol token's.
What does BNB do?
It discounts trading fees on the exchange and serves as the gas token of BNB Chain. It is both an exchange token and a network token.
What is the burn?
The protocol periodically destroys BNB, reducing supply over time. The amount is linked to activity rather than being a fixed schedule.
What is the main risk with BNB?
Concentration. Its value is tied to one company operating under significant regulatory scrutiny, which is a different risk profile from a protocol token with no corporate issuer.
Is BNB Chain the same as BNB?
BNB is the token; BNB Chain is the network it powers. The token's value reflects both exchange utility and network usage.
Market cap decides how big a bubble is drawn, so rank is what places BNB on the map relative to the rest of its sector.
| Rank | Coin | Market cap |
|---|---|---|
| #4 | BNB (BNB) | $75.87B |
| #14 | LEO Token (LEO) | $8.94B |
| #16 | WhiteBIT Coin (WBT) | $6.77B |
| #97 | GateToken (GT) | $686.09M |
| #102 | Nexo (NEXO) | $462.92M |