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Binance Coin (BNB) is the native token of Binance Smart Chain (BEP-20) and Binance Chain (BEP-2), buit by Binance Exchange, it first utility was discount on binance exchange, and now it used for all operations in the Binance ecosystem.
Mcap/TVL | 10 |
Protocols | 800+ |
Stablecoin | $5 B |
VOL/Mcap | 0.7% |
Volatility | 2.5% |
Circulating | 100% |
VOL/Mcap | 1.5% |
Pancakeswap | 95% |
LPs | 33,000+ |
Changpeng Zhao
Founder
Binance Exchange
BNB Chain
Foundation
If we exclude ethereum that has a very large TVL, the next chains have a close compete and Binance chain is one of them, infact right now after Ethereum this competition is running between, Solana, Tron & Binance chain.
Binance Chain with support of Binance exchange always had a good plan to expand its ecosystem and by having more than 800 protocols stands after Ethereum.
In cryptocurrency world usually after a cycle exchanges face problems like bankruptcy, law pressure, security issue, hack, fraud. Normally they can not fully stand-up again, but Binance exchange is the first one that strongly stand on his foot.
The government made KYC mandatory, but unlike other exchanges, they acted with the privacy of customers and their funds. The CEO and founder was sentenced to prison, but the exchange continued its work. However, it still has the largest volume of transactions. (Providing complete and powerful trading software and great customer support is one of the most important features of this exchange.)
High liquidity in every DEX and CEX.
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