In 2021 Binance's cryptocurrency reached a market cap of more than 90 billion U.S. dollars twice, after being worth less than 7 billion in 2020. Indeed, the digital coin's market cap rally in 2021 places it in the top three of cryptocurrencies with the highest market cap. The latest increase follows after the BNB price increased due to speculation that the demand for the coin would increase as Binance created a one billion U.S. dollar fund for new DeFi (decentralized finance) applications to be built within their own blockchain - called Binance Smart Chain or BSC.
Market capitalization of Binance Coin from July 2017 to August 4, 2024
(in billion U.S. dollars)
Characteristic
Binance Coin (BNB) market cap (in billion U.S. dollars)
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CoinMarketCap, & Statista. (August 5, 2024). Market capitalization of Binance Coin from July 2017 to August 4, 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 19, 2024, from https://www.statista.com/statistics/1274346/binance-coin-daily-market-cap/
CoinMarketCap, und Statista. "Market capitalization of Binance Coin from July 2017 to August 4, 2024 (in billion U.S. dollars)." Chart. August 5, 2024. Statista. Accessed September 19, 2024. https://www.statista.com/statistics/1274346/binance-coin-daily-market-cap/
CoinMarketCap, Statista. (2024). Market capitalization of Binance Coin from July 2017 to August 4, 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 19, 2024. https://www.statista.com/statistics/1274346/binance-coin-daily-market-cap/
CoinMarketCap, and Statista. "Market Capitalization of Binance Coin from July 2017 to August 4, 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 5 Aug 2024, https://www.statista.com/statistics/1274346/binance-coin-daily-market-cap/
CoinMarketCap & Statista, Market capitalization of Binance Coin from July 2017 to August 4, 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1274346/binance-coin-daily-market-cap/ (last visited September 19, 2024)
Market capitalization of Binance Coin from July 2017 to August 4, 2024 (in billion U.S. dollars) [Graph], CoinMarketCap, & Statista, August 5, 2024. [Online]. Available: https://www.statista.com/statistics/1274346/binance-coin-daily-market-cap/