BNB
BNB
BNB ✓ VerifiedPrice
$544.79
24h
-2.47%
Mkt cap
—
Volume
$0.5M
We read this asset as:Cash-flow lensFees accrue to token holders — read via P/F, P/S and premium.
Verdict
On-chain owned ✓
on-chain sample · annualized (est.)
As of 2026-06-30 · latest · 30-day annualized
Premium (peer percentile · 0 explained → 100 unexplained)
Premium — building
Premium decomposition (price vs holder cash flow) needs our own on-chain fee data, which we are building. Until then we show price, supply, and on-chain identity.
4Overview
BNB / BSC L1. Gas fees with a real-time burn: BEP-95 burns a governance-set share (~10%) of each block's gas fee — fee-derived, so it accrues to holders (our P/S). The quarterly Auto-Burn is a price-formula buyback, NOT fee-linked, so it is excluded from P/S. ⚠ BNB is exchange-linked (Binance) and validator-centralized — not a pure permissionless L1; read the cash-flow figures with that in mind.
5Official links & addresses
garnish · public source · coingecko · 2026-06-26
Addresses not yet listed
Trust official addresses only — beware impersonator tokens
Share this asset
6Market · supply
garnish · public source · owned · —
Market cap, FDV, and circulating supply are derived from supply. This chain's native supply requires node-level data we don't source keylessly — so we show N/A rather than an estimate. Methodology →
ATH / ATL build as we accumulate price history.
Price
$544.79
24h change
-2.47%
24h volume
$0.5M
Market cap
—
FDV (fully diluted)
—
Circulating supply
—
Total supply
—
Max supply
—
Circulating ratio (circ÷max)
—
ATH
—
ATL
—
▦How the world reads this price · perspectives, not a verdict
The frameworks and narratives the world uses to argue about this price — each as an attributed claim placed beside its rebuttal, side by side. This is a map of perspectives, not our verdict; no forecast, no recommendation.
Bull ↔ skeptic perspectives
two-sided · attributed · how the market argues this price, not our verdict
Largest-utility exchange tokenadoption
The claim (proponents): Trading-fee discounts, launchpad access and BSC gas give BNB broad utility.
The other side: Its value is tied to one exchange (Binance) — centralization and regulatory risk.
Grounding: proponents cite fee discounts, launchpad and BSC gas; skeptics cite value concentrated in one exchange and its regulatory exposure.
Deflationary Auto-Burnsupply
The claim (proponents): Quarterly Auto-Burn plus BEP-95 shrink supply toward 100M.
The other side: The Auto-Burn is a price-formula, not fee-driven; supply remains concentrated.
Grounding: the burn targets 100M (BEP-95 real-time + quarterly Auto-Burn, ~35th burn Apr 2026); critics note the Auto-Burn size is set by a price formula, not fees — only BEP-95 is fee-derived in our model.
High activity, low feesnetwork
The claim (proponents): High on-chain activity at low cost.
The other side: A small validator set draws a chain-centralization critique.
Grounding: proponents cite throughput at low fees; skeptics cite a small validator set (chain-centralization).
Regulatory resiliencenone
The claim (proponents): It has stayed functional through regulatory pressure.
The other side: An ongoing legal and compliance overhang remains.
Grounding: proponents cite continued operation through pressure; skeptics cite an ongoing legal and compliance overhang.
Full data & breakdownon-chain · events · derivatives · peers · governance · risk — expand for the institutional detail
7On-chain · holders
data wiring — next increment
9Futures · derivatives
Derivatives data (open interest, funding) is N/A. Perpetual/futures feeds require a commercial market-data subscription we don't use, so we show N/A rather than an unverified number. Methodology →
10Protocol fundamentals
Cash-flow metrics do not apply under this lens.
11On-chain value ratios
Cash-flow metrics do not apply under this lens.
12Governance · development
on-chain governance — not on Snapshot
14Peer comparison
Cash-flow metrics do not apply under this lens.
16Our metrics over time
No trend metric for this lens yet.
On-chain owned coverage
Not yet computed from our own RPC. For cash-flow assets without our own fee data yet, the premium decomposition is shown as building — never a fake number.