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 June 2, 2024
(in billion U.S. dollars)
Characteristic
Binance Coin (BNB) market cap (in billion U.S. dollars)
Year-on-year percentage change (%)
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CoinMarketCap, & Statista. (June 3, 2024). Market capitalization of Binance Coin from July 2017 to June 2, 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 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 June 2, 2024 (in billion U.S. dollars)." Chart. June 3, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1274346/binance-coin-daily-market-cap/
CoinMarketCap, Statista. (2024). Market capitalization of Binance Coin from July 2017 to June 2, 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1274346/binance-coin-daily-market-cap/
CoinMarketCap, and Statista. "Market Capitalization of Binance Coin from July 2017 to June 2, 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 3 Jun 2024, https://www.statista.com/statistics/1274346/binance-coin-daily-market-cap/
CoinMarketCap & Statista, Market capitalization of Binance Coin from July 2017 to June 2, 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1274346/binance-coin-daily-market-cap/ (last visited July 22, 2024)
Market capitalization of Binance Coin from July 2017 to June 2, 2024 (in billion U.S. dollars) [Graph], CoinMarketCap, & Statista, June 3, 2024. [Online]. Available: https://www.statista.com/statistics/1274346/binance-coin-daily-market-cap/