Binance, one of the most influential exchanges in the cryptocurrency market, plays a crucial role with 'BNB (Build and Build, formerly Binance Coin)'. Far from being merely a tool for discounted trading fees, BNB serves multiple functions on its native blockchain, the 'BNB Chain'. It is used for gas fees, in DeFi (Decentralized Finance), NFT (Non-Fungible Token) services, gaming, and as an investment target.
This article comprehensively explains the basic information about BNB, its mechanism, use cases, future prospects, and associated risks.
BNB (Build and Build) was launched in 2017 alongside the inception of Binance. Initially issued as an ERC-20 token on the Ethereum blockchain, it transitioned in 2019 to become the native token of its proprietary blockchain, 'Binance Chain', which has since been renamed to 'BNB Chain'.
It is important to note that Binance does not directly develop the chain, but rather ensures its decentralization. The total supply cap of BNB is set at 200 million tokens, with periodic 'burns' gradually reducing the number in circulation. As of the time of writing, approximately 138 million BNB have been issued, with future burns planned to eventually reduce the total to 100 million BNB.
The most significant feature of BNB (Build and Build) is its 'versatility'. Specifically, it includes the following:
Thus, BNB (Build and Build) transcends its role as an exchange token and becomes a core infrastructure within the entire Web3.0 ecosystem.
In September 2020, Binance announced the release of the 'BNB Smart Chain (BSC)', separate from the then-existing Binance Chain. In 2022, it was rebranded and integrated into what is now known as the 'BNB Chain', aiming to form a broader ecosystem.
Before the integration, the characteristics of each were as follows:
As reiterated, these blockchains have now merged into the BNB Chain, capturing the distinctive features of each. It balances high transaction speed with low gas fees, serving as a foundation for many Web3.0 projects and game-based dApps. Notable examples include 'PancakeSwap' and 'Galxe'.
Current Price: ¥180,323
As of October 15, 2025 (CoinMarketCap 'Build and Build (BNB) Price, Chart, and Market Cap')
BNB (Build and Build) was trading below $1 during its 2017 ICO, but during the 2021 cryptocurrency bubble, it briefly exceeded $700. After subsequent adjustments, by October 2025, the price has significantly increased, fluctuating between $1,200 and $1,300.
The price of BNB (Build and Build) is influenced by the following factors:
As of October 2025, BNB (Build and Build) ranks fourth in market capitalization, maintaining stable demand and high liquidity.
While BNB (Build and Build) has attractive features, it also comes with several risks.
BNB (Build and Build) is likely to continue attracting attention for the following reasons:
Integration with Web3.0 services
BNB (Build and Build) is expected to continue serving as a 'currency' or 'gas fee' in next-generation services such as DeFi (Decentralized Finance), NFTs (Non-Fungible Tokens), the metaverse, and GameFi.
BNB (Build and Build) transcends the typical exchange token category, serving as a cornerstone of the smart contract platform and also receiving high acclaim as an investment target. While regulatory risks and operational challenges remain, considering the breadth of its use cases and Binance's influence, BNB (Build and Build) will continue to play a significant role in the cryptocurrency market going forward.
When investing, it is crucial to carefully assess the risks and returns and approach it with a long-term perspective.
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