Build’N’Build (BNB), formerly known as Binance Coin, is more than just a cryptocurrency. It is the heart of the Binance ecosystem, which is one of the world’s largest and most important cryptocurrency exchanges. Since its launch in July 2017, BNB has grown from a simple utility token to a key part of a huge blockchain network that powers transactions, lowers fees, and lets a wide range of decentralized apps run. This article goes into detail about BNB’s past, how it works, and what it could do in the future. It also explains why it is still one of the best cryptocurrencies in 2025.
Where BNB came from and how it has changed over time
The Initial Coin Offering (ICO) for BNB was done by Binance, which was founded by Changpeng Zhao and He Yi. The ICO made $15 million by selling 100 million BNB tokens for $0.15 each. Angel investors got 20 million of those tokens, and the founding team got 80 million. BNB started out as an ERC-20 token on Ethereum, but in 2019 it moved to Binance’s own blockchain, Binance Chain, which was later renamed BNB Beacon Chain. The launch of Binance Smart Chain (BSC) in 2020, which is now part of the unified BNB Chain ecosystem, was a big step forward. It made smart contracts possible and made it possible for BSC to work with Ethereum’s ecosystem.
The BNB Chain now has three parts: BNB Smart Chain, BNB Greenfield (which is all about decentralized data storage), and opBNB (a layer-2 scaling solution). This multi-chain structure supports a lot of different uses, such as NFT marketplaces and decentralized exchanges (DEXs). This makes BNB a very useful asset in the crypto world.
What Sets BNB Apart?
BNB was originally just a utility token for the Binance ecosystem, but it has grown to have many more uses. Some important functions are:
• Discounts on Trading Fees: Users who pay fees with BNB on the Binance exchange get a 25% discount. This feature has helped the exchange grow since it started.
• Transaction Fees on BNB Chain: BNB is the main currency used to pay gas fees on BNB Chain, which helps the blockchain run quickly and cheaply.
• Staking and Governance: People who own BNB can stake their tokens to help protect the network, get rewards, or help make decisions about how the BNB Chain should be run.
• Launchpad and Launchpool: Binance Launchpad and Launchpool let people lock up BNB to take part in token sales (Initial Exchange Offerings) or earn new tokens from new projects.
• Payments and More: BNB can be used to pay for things in many areas, such as travel, entertainment, and financial services. For example, you can use it to split bills or get crypto loans.
Another important feature of the token is its deflationary mechanism. Binance uses 20% of its quarterly profits to buy back and burn BNB, which lowers the total supply of 200 million tokens. By 2025, more than 38 million tokens will have been burned. The goal is to burn 100 million tokens, or 50% of the supply, which will make them more scarce and may raise their value.
How BNB Does on the Market
As of June 2025, BNB is one of the best cryptocurrencies, with a market cap of more than $87 billion. It is only behind Bitcoin, Ethereum, and Tether. Since its ICO, its price has gone up a lot, reaching an all-time high of over $720 in the fourth quarter of 2024. Recent posts on X show that BNB is gaining a lot of momentum. Some analysts think it could reach $2,000 this cycle, thanks to strong fundamentals and developments like the Maxwell upgrade for AI integration and scaling.
BNB is liquid because it has a lot of trading volume. In early 2025, $351 million worth of BNB was traded in 24 hours, but this was down 24.6% from the day before. Binance, the world’s second-largest exchange, handles $11.8 billion in daily trading volume as of May 2024. This helps keep the token stable.
Difficulties with regulations and staying strong
There has been a lot of regulatory attention on Binance and BNB. The U.S. Securities and Exchange Commission (SEC) sued Binance and Changpeng Zhao in 2023 for breaking securities laws. Zhao was fined $4.3 billion and sent to prison for four months. The SEC, on the other hand, dropped its lawsuit in May 2025, which was a big change for Binance’s business in the U.S. There have also been investigations into money laundering and tax evasion linked to the exchange. Reports say that Binance helped move $2.35 billion in illegal money between 2017 and 2022.
Binance has made its compliance measures stronger, though, by putting in place stricter know-your-customer (KYC) rules and hiring a strong cyber forensics team. The exchange’s ability to deal with regulatory issues while keeping users’ trust—by June 2025, it had 275 million users—shows how strong it is.
Recent Changes and What to Expect in the Future
Binance keeps coming up with new ideas in 2025. The Maxwell upgrade for the BNB Chain promises to make it easier to use AI and make it more scalable, making it a rival to Ethereum. VanEck’s application for a BNB spot ETF shows that it could become popular in the U.S., and Abu Dhabi’s MGX Fund Management’s $2 billion investment in Binance shows that institutions are confident in it.
Nano Labs wants to buy $1 billion worth of BNB, which would give them 5–10% of the circulating supply. This shows how popular the token is. Meanwhile, posts on X talk about BNB Chain’s low fees, ability to grow, and new features like opBNB and Greenfield, making it seem like it will be a leader in crypto infrastructure in the future.
But there are still risks. Uncertainty about regulations, competition from exchanges like Coinbase and Crypto.com, and possible weaknesses in the BNB Chain (like the $200 million Pancake Bunny hack) could all slow growth. Investors should also be aware that crypto is very risky because prices can change quickly and they could lose all of their money.
Why BNB is Important
BNB is successful because it is part of the Binance ecosystem, which has a lot of trading volume, low fees, and a growing number of blockchain services. It can change from an Ethereum-based token to the backbone of a multi-chain ecosystem, which shows that it will last. BNB is useful, scalable, and has the potential to make money for investors, developers, and crypto fans. However, because the market is so volatile, it’s important to do your research first.
BNB is still a good investment because Binance is growing and coming up with new ideas all the time. This cryptocurrency is the way to the future of decentralized finance, whether you’re trading, staking, or looking into new projects on BNB Chain. To stay ahead in this fast-moving field, pay attention to Binance’s news and the market trends.
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