From $1 to $873: BNB reaches record high in 2025

BNB (Binance Coin), the native token of BNB Chain, reached a new all-time high of $873.73 on August 20, 2025, according to CoinGecko data. With a market capitalization of $121.7 billion, BNB is currently the fifth-largest cryptocurrency in the world.

Launched in 2017 at a price of $1, BNB has recorded a growth of more than 2.19 million percent in less than eight years. An investor who placed $1,000 in the initial offering would now hold $873,000.

BNB started as a utility token for discounted trading fees on Binance, but gradually expanded into powering the BNB Chain infrastructure, financing DeFi applications, tokenized projects, and NFT platforms. The quarterly “burn” process contributed to supply reduction and price growth.

The token’s rally occurred in a broader market rebound. Bitcoin traded above $114,200, Ethereum at $4,347, Solana at $186, XRP at $2.97, and Dogecoin at $0.22. The total crypto market capitalization rose to $3.96 trillion, with BNB accounting for about 3%.

Structural adoption also supported the positive trend, with Kraken announcing the expansion of its xStocks platform to BNB Chain, while a $160 million buy order earlier this week accelerated investor interest