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 is the Fermi Hard Fork?
The Fermi hard fork is a scheduled upgrade to BNB Smart Chain (BSC) that reduces block times from 0.75 seconds to 0.45 seconds, making transactions confirm faster. It also strengthens fast finality rules to keep the network stable and predictable as activity grows. The Fermi hard fork is scheduled for January 14, 2026.
Will the Fermi Hard Fork Impact BNB’s price?
The Fermi Hard Fork’s impact on BNB’s price remains uncertain. While major network upgrades can influence market sentiment, price movements depend on broader market conditions and investor behavior. As always, users should do their own research and make decisions that align with their investment goals.
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.
