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Launched by Changpeng Zhao in 2017, BNB transitioned from the Ethereum blockchain to Binance’s own BNB Chain.

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Regular coin burns and expanding real-world applications make BNB a key player in the blockchain world.As of May 2022, BNB’s all-time highest price was $686.31, recorded on May 10, 2021, according to CoinGecko.

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It offers faster transactions and cheaper transaction speeds than Ethereum, but it is more centralized.The success of the BNB Chain contributes to rallies in the price of BNB because the token is needed to pay transaction fees on the chain.

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In addition to its core centralized exchange, Binance has also built adecentralized exchangeon the BNB Chain.BNB spent much of 2021-22 as the third or fourth largest cryptocurrency in the world by market capitalization.oakham wealth management Stock Market Investments: Low Risk, High Rewards