📰 News and Market Updates 📰
Not watching: BCH, BNB, ADA, DOGE, XRP, SUI, HYPE - volume changes too volatile.
Watching: BTC, up 1.54% in 24 hours, market cap $2.14B. ETH, down 1.02% in 24 hours, market cap $292B.
SOL, price change 0.44% in 24 hours, market cap $94B. Not impressed by the 4-hour price change of 0.16%.
Keep an eye on LUNA, down 1.88% in 24 hours, market cap $100M. Regulatory uncertainty surrounding Do Kwon's case might impact the market.
Don't sleep on $SOL volume changes, down 5.78% in 24 hours. But, still holding onto the 24-hour price change of 0.44%. This could be a buying opportunity.
$BTC $ETH $SOL $LUNA
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BNB Chain 華語
The team is ready and waiting for everyone in New York 🫡
BNB Chain 華語
Are you ready to join #BNBNYC? 👀
The staff is working hard to prepare, and we welcome all Builders! 🥰
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BNB Chain
Almost ready to go for #BNBNYC 🫡
BNB Chain
*Nudge* *Nudge*...
Final chance to join us for #BNBNYC later today! 🇺🇸
Join us for an exciting & fun evening at the BNB Chain Super Meetup in Industry City, New York!
Grab your spot now below 👇
🔗
⏰ 17:30 (NYC)
📍 Carreau Club, NYC
🗓️ June 25
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迪尔Dir.
In fact, it is not difficult to find that the projects collaborating with Kaito have been continuously adding new projects recently. I stumbled upon this project @anoma.
Yesterday, Anoma announced a partnership with Kaito and launched a real-time leaderboard, which will attract more creators to join.
From the information in the project’s official Twitter posts, Anoma will allocate 1% of its token supply as rewards, distributed to active community members, which is quite generous for content creators!
To get to the point, Anoma's uniqueness lies in its "intention-driven" approach to redesigning blockchain transactions.
Simply put, traditional blockchains require you to command each step, like "first transfer, then exchange coins," which requires mastering some details.
Anoma's special feature is that you only need to tell it your goal, such as "I want to buy 1 BNB at the lowest price," and it will take care of the rest for you!
At this point, everyone must be curious about how this is achieved!
Answer: Anoma has a decentralized network that automatically finds suitable trading partners for you, calculates the best price, and then completes the transaction.
Additionally, there are two different technologies to protect user privacy:
Zero-knowledge proof: It's like adding a layer of invisibility cloak, so others cannot see what you are trading.
Multi-asset shielding pool: It mixes your transactions with a large number of others, making it hard for people to guess the details.
By combining these two technologies, it maximizes the assurance of transaction speed for users, allowing them not to spend more time on trading issues.
On this basis, it can be understood at a deeper level that Anoma acts like a smart assistant, helping you better understand and use blockchain.
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João Mendonça
amazing how volume explodes in BNB all while addresses and daily transactions remain roughly the same and sometimes even decrease on volume peaks 🛀🚿
Milk Road
This is one of the wildest charts in crypto rn
@BNBCHAIN has seen an absolute explosion in trading volume over the past month
Since the start of the year, their market share has skyrocketed from ~10% to nearly 70%.
The current price of BNB is $645.10. Since 00:00 UTC, BNB has increased by +0.22%. It currently has a circulating supply of 145,887,576 BNB and a maximum supply of 200,000,000 BNB, giving it a fully diluted market cap of $94.14B. At present, BNB holds the 4 position in market cap rankings. The BNB/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
As the Ethereum network witnessed a substantial increase in user activity and the adoption of decentralized applications (DApps), the need for scalability became a prominent issue for the first Layer-1 smart contract blockchain. To tackle this challenge, various Layer-2 scaling solutions were introduced to mitigate scalability concerns.
Among these scaling solutions, the Build 'N Build (BNB) Chain has emerged as a competitive player by offering asset-bridging capabilities across different chains. This has provided the BNB Chain with a distinct advantage over established platforms like Ethereum, enabling it to address the scalability limitations and cater to the growing demands of the DApp ecosystem.
What Is the BNB Chain?
The BNB Chain, established in February 2022, is a comprehensive modular system that combines the advancements of the Binance Chain (BC) and the Binance Smart Chain (BSC). The introduction of the BNB Smart Chain (BSC) was a response to certain limitations observed in the BC to complement its functionality.
While the BC was primarily designed to cater to decentralized exchanges (DEX) and focused on achieving high transaction throughput and delivering an enhanced user experience, it lacked smart contract functionality. Instead of incorporating additional functionality into the BC, which could have impacted network efficiency, the Binance community developed the BSC as a separate entity to address these concerns and provide the desired smart contract functionality.
After the merger of both chains, the BC assumed the role of a dedicated layer for governance, encompassing voting and staking functionalities. On the other hand, the BSC was specifically designed to execute Ethereum Virtual Machine (EVM) consensus and support Ethereum-compatible applications, including MetaMask. This strategic implementation allows for seamless integration with smart contracts on the BSC
The BNB Team
The BNB team is led by Changpeng Zhao "CZ," the founder of Binance, who introduced the BNB token and established the BNB Chain in 2017. Another key member of the team is He Yi, the co-founder and chief marketing officer. Before joining Binance, Yi served as Vice President at Yixia Technology, a leading mobile video tech company.
BNB: The utility token of the BNB Chain
BNB, the native utility token of the BNB Chain, plays a pivotal role within the BSC ecosystem. As the governance token, BNB enables holders to actively participate in shaping the development and future of the ecosystem. Additionally, BNB is essential for developers seeking to participate in token sales conducted on the Binance Launchpad.
BNB tokenomics
The BNB token operates under specific tokenomics. It has a maximum capped supply of 200,000,000 tokens, and a deflationary burning mechanism is in place to gradually reduce the supply to 100,000,000 coins. Currently, the total supply of BNB is 157,900,174, with 157,886,280 tokens currently in circulation.
BNB use cases
In recent years, the use cases of BNB have expanded significantly, offering a range of functionalities. These include participating in governance proposals through voting, staking to contribute to the network's security, utilizing BNB as collateral for loans on decentralized finance (DeFi) platforms, and covering transaction fees within the Binance ecosystem. Furthermore, BNB is accepted as a form of payment for credit card transactions at select merchants who support it.
BNB distribution
BNB was introduced in July 2017, initially distributing 200,000,000 coins according to the following allocation:
Fifty percent of the supply was issued through an initial coin offering (ICO) held in 2017.
Forty percent of the supply was reserved for the foundation team.
Ten percent of the supply was distributed to angel investors.
Expanding the utility of the BNB Chain
The BNB community is dedicated to enhancing the BNB Chain by integrating side chains and implementing zk-rollups. These advancements aim to provide customized blockchain solutions and improve scalability, enabling efficient and high-performance operations. With these developments, there is optimism for a resurgence in interest and value for BNB, potentially approaching or surpassing its previous peak of $690.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 30K new posts about BNB, driven by 12K contributors, and total online engagement reached 8.7M social interactions. The sentiment score for BNB currently stands at 86%. Compared to all cryptocurrencies, post volume for BNB currently ranks at 545. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of BNB.
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Posts
30,108
Contributors
11,995
Interactions
8,667,518
Sentiment
86%
Volume rank
#545
X
Posts
25,513
Interactions
6,872,919
Sentiment
88%
BNB FAQ
Is the Binance Smart Chain dependent on the Binance Chain?
No, the Binance Smart Chain (BSC) operates independently as a separate blockchain and is not dependent on the Binance Chain (BC). While they exist within the Binance ecosystem, the BSC is designed to maintain its technical and business capabilities, ensuring its continued operation even if the BC ceases its activities.
Is BNB part of Binance?
While Binance initially created BNB, it has evolved into more than just a part of the Binance platform. The BNB Chain has become an independent decentralized network with its own ecosystem and use cases, extending beyond its association with the Binance cryptocurrency exchange.
Where can I buy BNB?
Easily buy BNB tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include BNB/USDT and BNB/USDC.
Currently, one BNB is worth $645.10. For answers and insight into BNB's price action, you're in the right place. Explore the latest BNB charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as BNB, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as BNB have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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