[Band](https://exolix.com/currencies/band){:target="_blank" rel="dofollow"}  (previously known as Band Protocol) is a decentralized oracle network that links the external world to the blockchain ecosystem. The network enables smart contracts to fetch information that resides off-chain, such as asset prices, sports scores, weather updates, random numbers, and external API information.

This becomes very important considering the fact that smart contracts cannot fetch any off-chain information by themselves. An example of such a scenario can include a lending application fetching token prices from the blockchain. Another example can involve a prediction market application fetching event outcome information.

A derivatives platform, for instance, would require some form of reliable market information. With Band, all these requirements become possible through the creation of an infrastructure layer for data requests.

Why Oracles Matter in Blockchain
--------------------------------

The capabilities of blockchains are highly efficient for keeping and processing information within their systems. Nonetheless, they are disconnected from any processes happening outside the blockchain network by definition. This is referred to as the oracle problem.

Even though the actions defined by a smart contract can be performed according to programmed logic, accurate data is required for them to be executed properly. Incorrect or outdated data can make a smart contract fail in its task.

Examples of the fields requiring the use of oracle networks include:

-   Decentralized finance (DeFi) lending/borrowing platforms which require asset prices

-   Derivatives platforms operating based on market data

-   Prediction markets which require data about events' results

-   Insurance projects depending on any trigger in the physical world

-   Gaming or non-fungible token (NFT)-related projects requiring randomness or other data

That is why the infrastructure for receiving real-world information to the blockchain has become another layer of blockchain technologies.

How Band Works
--------------

Band utilizes BandChain, which is an independent blockchain network created using the Cosmos SDK. BandChain is specifically tailored towards handling oracle-related functions such as fetching, aggregating, and settling data.

In cases where a decentralized application requires external data, it places an order through Band, after which validators working within the BandChain network fetch the data from the appropriate data sources, perform the aggregations, and return the data to the smart contract making the request.

Typically, the process involves four stages:

1.  A dApp requests some off-chain data.

2.  BandChain's validators collect data from the data sources.

3.  The collected data is then aggregated based on the oracle script.

4.  Finally, the output is returned to the smart contract.

Oracle scripts are created by developers and specify what type of data is needed, where to source the data from, how to process the collected data, and how to return the output.

The Role of BAND Token
----------------------

BAND is the native coin of BandChain, the Band blockchain platform. It ensures the security of the network and provides incentives for validators and other members of the blockchain.

The validators stake their BAND to join the network and fulfill the requests regarding data from oracle services. They can receive rewards for their activities and help ensure the security of the network. The users can stake their tokens with the validators they trust to receive rewards from securing the network as well..

This system is based on the concept of Delegated Proof-of-Stake. The validators should work correctly, because of the aligned incentives. 

Building the Data Layer for Web3
--------------------------------

Band is one of the pieces of infrastructure that facilitates blockchain application connectivity with the physical world. Band facilitates connectivity between APIs and data feeds, helping in making smart contracts more practical.

Band does this by ensuring security on the network and aligning incentives for the different parties involved; validators, delegators, developers, and users.

With cryptocurrencies becoming increasingly multichain, the importance of having a secure data infrastructure becomes ever greater. The role played by Band is therefore to ensure that external data is available and verifiable.

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Band is a decentralized oracle network that links the external world to the blockchain ecosystem. 

What Is Band (BAND)?

The [BNB coin](https://exolix.com/currencies/bnb){:target="_blank" rel="dofollow"} is the primary crypto asset within the BNB Chain environment that powers all operations on BNB Smart Chain, opBNB, and BNB Greenfield networks. In addition to facilitating transactions, staking activities, governance participation, and use in DeFi apps and other processes, it plays a role in wider activities across the network. One crucial aspect about BNB that is worth considering while analyzing its tokenomics is its total supply size.

Initially, BNB had a maximum total supply of 200 million coins issued. Since no new tokens are created by mining activities, the BNB chain relies on the supply reduction strategy, with the overall goal of decreasing the amount of coins in circulation down to 100 million BNB.

According to statistics, following the completion of the 35th quarterly Auto-Burn process in April 2026, the BNB Chain currently holds a total supply of about 134.79 million BNB. Still, this figure continues to change as more Auto-Burn processes take place on a quarterly basis, as well as due to constant real-time gas fee burning.

How Many BNB Coins Are There in Circulation?
--------------------------------------------

According to the latest BNB Chain burn report for Q1'26, as reported in April 2026, the current total supply amounts to roughly 134.79 million BNB tokens. The number shown in circulation might be somewhat different as a result of ongoing BNB removal from circulation via the real-time burning process following every supply snapshot quarter.

In other words, the current answer to the question about how many BNB coins are there differs depending on the time of reporting. The cryptocurrency BNB uses a non-inflationary supply model and does not mint additional supply gradually; instead, its total supply is being reduced continuously due to token burns.

### BNB Coins Supply in Summary

-   Original supply: 200 million BNB

-   Latest official supply snapshot: roughly 134.79 million BNB

-   Target long-term supply reduction: to lower the total supply down to 100 million BNB

-   Supply increase via mining: no new supply is issued through mining

It is crucial to understand the difference between the total supply and the circulating supply in the case of BNB tokens. The total supply is determined by taking into account the number of coins still existing on the blockchain and excluding all those BNB coins that have already been burned.

For BNB, these figures are similar since there is no scheduled issue of newly mined BNB coins. However, the exact number of the circulating supply can be affected by BNB burns conducted via the Auto-Burn and real-time processes.

What Is the BNB Max Supply?
---------------------------

BNB max supply can be viewed from two different perspectives; the initial quantity of BNB that existed, and the eventual long-term maximum supply that will exist after several burns.

At launch, BNB had an initial supply of 200 million tokens. Nonetheless, BNB was created based on the idea of burning which involves removal of BNB tokens from circulation. Ultimately, the goal is to lower down the total supply to a maximum of 100 million BNB.

### Original vs. Long-Term Maximum Supply

-   Original BNB maximum supply: 200 million BNB

-   Long-term BNB  max  supply: 100 million BNB

-   Latest total supply (official): About 134.79 million BNB up to April 15, 2026

Therefore, 100 million BNB is not a maximum supply for issuance like Bitcoin's 21 million BTC. BNB was launched with a higher supply but is being reduced through burns.

### Can New BNB Be Created?

BNB does not engage in mining to generate new coins. The token economics of BNB are centered on lowering supply, not coin generation. Every burn process that is successful reduces a fixed supply of BNB tokens from circulation, whereas real-time burning entails the destruction of some gas fees paid using BNB Smart Chain.

The auto-burn project according to BNB Chain will continue burning tokens until there is only 100 million BNB remaining in total supply. The concept of decreasing supply is crucial in comprehending the number of BNB coins that currently exist, as well as why the number keeps changing.

How BNB Supply Has Changed Since Launch
---------------------------------------

The supply of BNB was much greater initially when compared to its current supply. The supply of BNB when the coin was launched back in 2017 stood at 200 million BNB. As soon as the asset became operational, the process of reducing supply by 100 million was undertaken, leading to 100 million of BNB becoming a permanent part of the future supply.

Cryptocurrencies have an increasing supply with the addition of more tokens through mining or staking, while BNB, on the contrary, has been moving towards the reduction in supply.

### Key Stages in BNB Supply Development

|

Period

 |

Development

 |

Effect on BNB Supply 

 |
|

2017

 |

BNB launches with an initial supply of 200 million coins

 |

Establishes the original supply base

 |
|

2017 onward

 |

Regular quarterly burns begin 

 |

Permanently removes BNB from the total supply 

 |
|

2021

 |

BNB Auto-Burn replaces the earlier quarterly calculation model

 |

Burn amounts become based on BNB price and network block production

 |
|

2021 onward

 |

BEP-95 introduces real-time burning of a portion of gas fees

 |

Supply continues decreasing alongside BNB Smart Chain activity

 |
|

April 2026

 |

35th quarterly burn removes 1,569,307.34 BNB

 |

Remaining total supply reaches approximately 134.79 million BNB

 |

### From Exchange Token to Network Asset

The original BNB project was built as a utility coin that had its use cases tied to the Binance ecosystem. The initial use cases included discounted trading fees and access to some specific platform functionality.

As time went by, BNB evolved into the native asset that powers all of BNB Chain. At present, it is being utilized for BNB Smart Chain transaction fees, staking activities, decentralized applications, on-chain trading, gaming, and any other Web3 use case deployed in the larger ecosystem.

What this implies is that the current supply mechanism of BNB is not solely tied to the story of an exchange token. The addition of real-time fee burns means that BNB activities on BNB Smart Chain are now able to burn the coin from circulation as well.

### A Declining Supply by Design

By April 2026, over 65 million BNB had already been burned from an initial 200 million BNB supply, resulting in approximately 134.79 million BNB as per the latest official Binance quarterly burn report.

Nevertheless, having a reduced supply doesn't necessarily define the market value. The value of BNB depends on other factors such as network activity, liquidity, market conditions, development, security, and increased demand in general for blockchain activities.

What is achieved by the burn system is the availability of a defined supply system in which there are initially 200 million BNB, and there is a continuous burning of BNB until reaching 100 million BNB.

How BNB Burns Reduce the Supply
-------------------------------

BNB burns ensure that the asset becomes permanently irretrievable. Once the coin has been burned, it can never be spent, returned into circulation, or used anywhere within the ecosystem. That is how the asset makes its way from an initial total of 200 million units down to 100 million.

Currently, there are two major methods of burning BNB to reduce its supply: the quarterly BNB Auto-Burn and a burn linked directly to transactions within BNB Smart Chain.

### BNB Auto-Burn

The Auto-Burn process ensures that an estimated number of tokens is burned every three months. Unlike prior BNB burns, which were tied to activity on Binance Exchange, the latest burns occur separately from the exchange.

The two key parameters in calculating how many tokens will need to be burned under the Auto-Burn method are:

-   the value of the token at a particular time

-   the number of blocks created on BNB Smart Chain during the period

These factors help in making the burn process more visible and easier to verify independently. After calculating the burn amount, the appropriate quantity of tokens is then transferred to the burn address, where it is no longer available for use.

As far as we know, the BNB Auto-Burn process will run until only 100 million BNB tokens remain.

### Real-Time Burn Through BEP-95

Supply for BNB is also curtailed by the network usage aspect. Through BEP-95, the real-time burning system helps remove some gas fees in exchange for BNB collected on BNB Smart Chain.

Each time a user engages in activities on the network, either by transferring assets or even trading through various DApps, they end up paying gas fees in terms of BNB. Through BEP-95, a certain proportion of those gas fees will be burned rather than staying within the scope of validator rewards.

### Why Do We Need Both Burning Systems

While the functions are somewhat similar, there is no doubt that the two models operate differently. While auto-burn makes sure that BNB supply gradually goes to 100 million through a predictable model, real-time burning associates the burning of some of the BNB supply with its active usage on the chain.

It should be pointed out that the process of burning tokens is not always associated with an increase in price and demand for them. It depends on several factors including the state of the crypto space and the utility of BNB Chain products.

Circulating Supply vs Total Supply vs Max Supply
------------------------------------------------

When investigating the total number of BNB coins available, users can obtain various results depending on market analytics tools, blockchain explorers, or official news by BNB Chain. However, these differences do not imply inconsistency because they can relate to different types of BNB coins.

### Circulating Supply

The circulating supply denotes the quantity of coins available in the market. This figure is calculated using specific methods; therefore, there can be discrepancies between different data sources. As far as BNB is concerned, the figure will vary because the tokens can be withdrawn from the market.

### Total Supply

The total supply is defined as the quantity of coins that already exist minus the burned ones. After the 35th quarter burning process conducted in April 2026, the total supply of BNB coins amounted to 134.79 million BNB.

### Maximum Supply and Burn Target

More explanation is needed regarding the BNB max supply. While BNB initially had an original supply of 200 million tokens, its burn mechanism would eventually bring down the supply to 100 million BNB.

Hence, the following are some figures related to BNB supply:

-   Original BNB supply (number of coins) of 200 million;

-   Long-term supply of 100 million BNB after burning all of them.

It is important to note that there is no creation of new BNB supply via mining, meaning that once burned, the coin becomes non-existent.

### Why There May Be Different Supply Numbers

The supply number that is reported after a burn event represents the current supply at that particular point in time. However, since burns still happen in real time whenever users make transactions using the BNB Smart Chain, supply information may vary based on the frequency of updates done by marketplaces themselves.

This means that the best way to answer the question about BNB supply is that there isn't any single figure for the current supply but that it continues to decline through burns.

Why BNB Supply Matters for Crypto Users
---------------------------------------

Suppy is just one aspect of assessing a cryptocurrency, but it certainly plays its own part in the process of examining the structure of the asset. In relation to BNB, the key idea here is that the number of coins available is destined to shrink instead of growing due to new releases.

From the user's perspective, it means that unlike many cryptocurrencies that generate new tokens due to network rewards, the burning of BNB removes them from the circulation permanently. At the same time, the asset is actively used as a payment instrument in relation to various services available on BNB Chain.

The shrinking supply of an asset can be appealing because the coin gets rarer. Nevertheless, the shrinking of the number of coins does not imply that an asset will be useful and profitable in the future.

### Supply and Network Utility Work Together

Tokenomics of BNB depend on the function of this token within the blockchain network. Users require BNB tokens to pay for gas fees whenever they interact with applications on BNB Smart Chain. The development teams use the network for building products including decentralized exchanges, lending services, gaming, NFT projects, and others.

The connection of the two is established through the real-time burning mechanism. While the network is being used, a certain percentage of the fees will be permanently destroyed. That means that the burning of BNB not only takes place regularly but also occurs in relation to the activity within the chain.

Thus, the list of issues which are crucial to understanding BNB includes:

-   the attractiveness of the ecosystem in terms of ongoing activities

-   the impact of quarterly and real-time burning on the leftover supply

-   the application of BNB throughout the network

risks associated with volatility, smart contracts, and the crypto market in general.

While the number of BNB coins available gives important information, it should not be considered separately from the other issues mentioned above. The future of the token will be determined by the interdependence of its supply reduction and user demand.

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nitially, BNB had a maximum total supply of 200 million coins issued. Since no new tokens are created by mining activities, the BNB chain relies on the supply reduction strategy, with the overall goal of decreasing the amount of coins in circulation down to 100 million BNB.

How Many BNB Are There in Circulation?

Initially, BNB had a maximum total supply of 200 million coins issued. Since no new tokens are created by mining activities, the BNB chain relies on the supply reduction strategy, with the overall goal of decreasing the amount of coins in circulation down to 100 million BNB.

Authors Page

Bradley Pierce

Crypto Niche Expert

Articles: 683

What Is Band (BAND)?

How Many BNB Are There in Circulation?

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