Binance is the world’s biggest crypto exchange and blockchain ecosystem. The crypto exchange, launched in 2017 after an Initial Coin Offering (ICO), has established itself as a market leader under the leadership of its founder Changpeng Zhao aka CZ.
Binance Coin (BNB), the native token on the BNB Chain ranks as one of the top 10 cryptocurrencies by market cap. The BNB Chain, on the other hand, is one of the chains with the most decentralised applications across DeFi, NFTs and blockchain gaming. What else stands out as top statistics for Binance Coin?
We have highlighted the most interesting, starting with the key facts below.
Key Binance Coin facts and statistics
- BNB launched as an ICO in July 2017, with an initial total supply of 200 million coins and ran on the Ethereum network before migrating to the Binance mainnet in April 2019.
- Binance has over 120 million registered users as of November 2022.
- The BNB Chain recorded over 1.2 million active addresses per day as of November 2022
- Binance coin reached an all-time high of $690 in May 2021, increasing more than 2,300% in six months.
- In June 2022, BNB’s monthly performance was -31.78% to rank as the worst monthly performance for the native Binance coin since its -48% returns in May 2021.
Binance network statistics and facts
1. Binance Coin launched with an initial total supply of 200 million BNB coins
BNB was originally issued as an ERC-20 token, running on the Ethereum network, with a total supply of 200 million coins. 100 million BNB was offered in the ICO, but the current total supply is lower due to periodic burning events and a real-time burning mechanism.
2. Binance Coin’s circulating supply is currently 159,972,151 BNB
According to the CoinMarketCap team, the BNB Chain’s native token currently has a verified circulating supply of 159,972,151 BNB as of November 2022. As noted, the supply will keep reducing via the permanent quarterly coin burns until the total supply falls to 100 million BNB.
3. Binance burned $574 million worth of BNB in Q3 2022
Binance’s auto-burn mechanism removed 2,065,152.42 BNB from circulation in Q3 2022. This was Binance Coin’s 21st token burn with over $574 million worth of BNB burned at an average price of $278.33.
4. The average Block Time on BNB Chain is 3.04 Seconds
Binance’s average block time is 3.04 seconds and according to data on block explorer BscScan, the network can process an average of 62.6 transactions per second as of November 2022.
5. Binance supports 350+ cryptocurrencies
Binance is the world’s largest cryptocurrency exchange by trading volume. The exchange also supports the most cryptocurrencies of the world’s top platforms, allowing users to buy, trade, and hold more than 350 different cryptocurrencies.
6. The average transaction fee on BNB Chain is 0.0006 BNB
The average transaction fee for Binance is 0.0006 BNB, or $0.18 in November 2022. As data from YCharts shows, transaction fees have seen a 25% drop over the past year, with the latest drop being from average highs of $0.25 per transaction in August.
7. There were 1.2 million daily active addresses on Binance in November 2022
Binance’s daily active addresses was at 1.203 million on 24 November 2022, according to YCharts. The daily active user count is however nearly 29% down from the 1.684 million daily active addresses recorded a year ago.
8. Binance’s new addresses count jumped a staggering 6.5 million in single day
In 2021, as the price of Binance Coin rose amid the rallying crypto market that included a spike in DeFi and NFT activity, Binance’s new addresses count soared by 6,574,010 on 2 March 2021. It’s the single largest increase in new addresses on record for Binance. The lowest daily increase recorded was 16 new addresses 30 August 2020.
9. Binance currently handles 3.67 million transactions per day
The Binance network handles 3.67 million transactions per day as of November 2022. The current number is nearly 76% down on the 15.29 million transactions per day recorded a year ago.
10. Binance currently sees an average of $2.2 billion in daily trading volume
An estimated $2.2 billion BNB is currently traded on average each day as of November 2022, according to data from CoinGecko. Daily volume reflects the value of the total number of BNB coins changing hands each day. On 12 May 2022, a total of $4.7 billion BNB was traded as markets sold-off amid the Terra LUNA collapse.
11. Nearly 2 million Binance accounts hold a total of 24 million BNB
Approximately 1,999,999 accounts on Binance hold a total of 24,172,421.25 BNB as of 24 November 2022, data on BscScan.com showed.
12. Binance holds about $6.4 billion worth of BNB
Binance’s most recent data on exchange holdings shows the company held about $74.7 billion worth of tokens. About 40% of that was in the stablecoin Binance USD (BUSD) that accounted for approximately $23 billion, while the exchange held $6.4 billion in its native Binance Coin.
BNB market cap and price performance
13. Binance Coin’s market cap is currently $48 billion
BNB is the fourth largest cryptocurrency by market cap today, with a market capitalization of over $48 billion. This however is well below the market cap of $103 billion recorded in May 2022 as BNB rose to its all-time high.
14. Binance Coin’s all-time high price of $690 was reached after a staggering +2,300% gain in six months
The crypto bull market of 2020-2021 saw BNB price soar from around $30 on 1 November 2020 to an all-time high of $690 on 10 May 2021. Binance Coin price had increased a staggering +2,300% in six months.
15. BNB’s current price is +306,900% higher from its all-time low of $0.09611
According to CoinMarketCap, the all-time low price for BNB is $0.09611. The coin hit the low on 1 August 2017, meaning the current price of $295 is more than 306,900% higher.
16. Binance Coin price closed -31.78% in June, the worst month of 2022
BNB plummeted in June 2022 amid widespread sell-off across crypto that had been triggered by the collapse of crypto project Terra and crypto hedge fund Three Arrows Capital. BNB fell from highs of $320 to lows of $188, with the month ending with the price at -31.78% to make June the worst monthly return in 2022.
17. BNB registered positive monthly returns in 7 of the past 12 months
BNB price closed higher in seven of the past 12 months (between October 2021 and October 2022). The cryptocurrency has also posted consecutive positive 30-day performances over the past two months, although FTX’s implosion and bankruptcy has pushed price lower even as BNB targets a strong end to the year.
18. BNB price fell 3 consecutive months amid the 2022 crypto winter
The crypto winter of 2022 saw BNB’s value fall in three consecutive months from April to June, declining from highs of $460 to lows of $188. While price recovered +29.36% in July 2022, and over 14% in October, BNB remained in a downtrend as of November 2022.
19. Binance Coin price skyrocketed 374% in February 2021, the best BNB monthly performance in the past three years
BNB rallied from November 2020 to April 2021, with the crypto bull market helping the Binance coin to a record six straight monthly green candles. In February 2021, BNB price marched to its best monthly performance in three years, notching over 374%. The price jumped from around $44 to highs of $338 before ending the month around $208.
20. Binance Coin had positive monthly returns in more than 60% of past 30 months
BNB traded higher on a monthly time frame in more than 60% of the past 30 months. According to market data from CoinRanking, Binance Coin closed green in 19 of 30 months, going back to May 2020. Here are the percentage gains since January 2021.
• November 2022 +8.6%
• October 2022 +14.28%
• September 2022 +2.10%
• August 2022 -1.62%
• July 2022 +29.36%
• June 2022 -31.78%
• May 2022 -15.04%
• April 2022 -11.79%
• March 2022 +8.37%
• February 2022 +5.38%
• January 2022 -26.66%
• December 2021 -17.83%
• November 2021 +18.77%
• October 2021 +35.70%
• September 2021 -16.80%
• August 2021 +39.03%
• July 2021 +6.34%
• June 2021 -14.35%
• May 2021 -48.29%
• April 2021 +108.84%
• March 2021 +48.18%
• February 2021 +374.86%
• January 2021 +19.53%
Binance stats on DeFi, NFTs and GameFi
21. 11 of 25 most played NFT games are on BNB Chain
According to DappRadar, 11 out of 25 top blockchain games with an in-game NFT economy are on BNB Chain. The network has the most blockchain games among the top 25 titles, more than Ethereum, Polygon, and Solana.
22. Binance accounts for 36.6% of GameFi projects
While Ethereum is the leading chain for dapps in the market, an October report by Binance showed that BNB Chain led the market in GameFi with over 36% of the market share. The ‘Q3 State of Crypto’ report showed Ethereum ranked second with 20.2%, while Polygon and Solana ranked third and fourth respectively with 11.8% and 6.9%.
23. Over 500 DeFi protocols are on the BNB Chain
DeFi statistics on DeFiLlama show that the BNB Chain has 502 protocols running on the network. Only Ethereum with 603 protocols has more, while Polygon and Avalanche have 337 and 273 protocols respectively as of November 2022.
24. BNB Chain’s TVL is $5.5 billion, with a dominance index of 12.87%
BNB Chain’s total value locked (TVL) fell in 2022 amid the market crash. However, TVL dominance for BSC increased overall as some users moved to the chain following Terra’s crash. As of November 2022, DeFi statistics from industry platform DeFiLlama showed BNB Smart Chain had a TVL of $5.5 billion, accounting for 12.87% of the TVL market share.
25. 65 different technologies are on Binance
In terms of the technology stack, Binance has 65 different technologies in use on the platform. Similarweb lists these technologies as from 21 industries, including Payment & Currencies (22), Advertising (8), Social (6) and Mobile (5).
Binance Coin user statistics
26. There are 120 million registered Binance users
The number of registered users on Binance.com has increased significantly despite the crypto winter and various regulatory hurdles. However, with licences in major European nations secured, Binance has seen its user base grow, with details on its website showing its total registered users stood at 120 million in November 2022.
27. Nearly 73% of Binance users are male
Binance’s user demographics show that the vast majority are men. According to demographic data from Similarweb, 72.74% of Binance’s users in 2022 are male and 27.26% female.
28. 36% of Binance users are aged 25-34 years
The largest age group of visitors are 25 – 34 year olds, accounting for 36% of those who access Binance on desktop. Just under a quarter of platform visitors are aged 18-24 and about 19% are 35-44 year-olds.
29. 71.9% of Binance traffic is direct
Binance’s top traffic source over the past month was from direct visitors. Similarweb traffic data tracking feature shows 71.93% of visits were direct and search drove the 2nd most traffic at 15.34%.
30. More than 55% of Binance’s social media traffic is from Youtube
Binance gets 55% of its social media traffic from the popular YouTube, with the platform contributing more traffic to Binance than Facebook (13%) and Twitter (12%) as of November 2022.
31. Binance has 9.9 million followers on Twitter
Binance has the largest number of Twitter followers at 9.9 million as of November 2022. It’s ahead of Bitcoin at 5.6 million and Dogecoin at 3.6 million. Indeed, the hashtag #Binance Coin is one of the most tweeted. According to Bitinforcharts, there is an average of 806 tweets per day on just #Binance Coin while $BNB is also continuously trending on Twitter.
Conclusion
Binance Coin is the native cryptocurrency of the Binance ecosystem, and currently the world’s fourth largest cryptocurrency by market cap. The coin’s value skyrocketed in 2021, reaching an all-time high of $690 on major exchanges, and could become even more valuable as Binance’s quarterly coin burn program seeks to cut total supply to 100 million.
In the broader market, Binance continues to grow as a major player, particularly as an infrastructure provider for decentralised finance (DeFi), GameFi and Web3.The above statistics help highlight these facts and trends as we approach 2023.