With the ever-fluctuating cryptocurrency market, keeping track of real-time prices between Avalanche and BNB can be challenging. Our dedicated Avalanche to BNB price converter & calculator makes this task seamless and straightforward. Whether you're an investor, trader, or crypto enthusiast, leverage our tool to get the latest conversion rates of avax vs. bnb. Stay ahead of the market and make informed decisions by accessing the most up-to-date data at your fingertips
1 Avalanche (avax) == 0.13430962343096 BNB (bnb).
Rate : 0.13430962343096
Avalanche (avax) Price: 32.1$
BNB (bnb) Price: 239$
1 Avalanche is 0.13430962343096 BNB.
Avalanche (AVAX) is a high throughput smart contract blockchain platform that operates on a proof-of-stake consensus protocol. It is known for its fast transaction processing, low costs, and environmental friendliness. The platform has seen significant growth since its mainnet launch in September 2020, with over 100 projects, $1.4M+ of AVAX burned to reduce supply, 950+ validators, and a large community.
Binance Coin (BNB) is the cryptocurrency of the Binance platform, a leading cryptocurrency exchange. It is used for trading exclusively within the Binance platform and has gained immense popularity in a short time. BNB operates on the Ethereum blockchain using the ERC20 token standard and has a limited supply of 200 million coins. BNB can be used to pay for various fees on the Binance platform, and holders are incentivized with discounts.
AVAX is categorized as a Smart Contract Platform, Layer 1 (L1) blockchain, and part of the Avalanche Ecosystem. It does not have any specific asset platform ID associated with it. On the other hand, BNB falls into several categories, including Alleged SEC Securities, Layer 1 (L1), Ethereum Ecosystem, Moonriver Ecosystem, Smart Contract Platform, Polygon Ecosystem, Avalanche Ecosystem, BNB Chain Ecosystem, Centralized Exchange (CEX), and Exchange-based Tokens.
Currently, AVAX holds the market cap rank of 19, indicating its position relative to other cryptocurrencies in terms of market capitalization. Over the past 30 days, AVAX has experienced a price change percentage of 19 percent in currency terms.
On the other hand, BNB holds a significantly higher market cap ranking of 4, highlighting its prominence in the cryptocurrency market. However, over the past 30 days, BNB has experienced a price change percentage of -10.55388 percent, indicating a decrease in value during that period.
Avalanche serves as a high throughput smart contract platform, allowing developers to build decentralized applications (DApps) with fast transaction processing. It has gained traction in decentralized finance (DeFi), with applications like Pangolin and TraderJoe leveraging the Avalanche platform. The low-cost and efficient nature of Avalanche make it suitable for various use cases, including financial applications, gaming, and NFTs.
BNB primarily operates as the native cryptocurrency of the Binance trading platform. It serves as an integral part of the Binance ecosystem, allowing users to pay for trading fees, transaction fees, and listing fees within the platform. The use of BNB provides users with discounts on fees, incentivizing its adoption and use within the Binance ecosystem.
AVAX has a maximum supply of tokens, with ongoing token burning to reduce supply and potentially increase value. This burning mechanism involves destroying AVAX tokens, positively impacting the remaining circulating supply. The token can also be used for staking and participating in the network's consensus protocol.
BNB has a total supply of 200 million coins, with a distribution that includes 50% sold during the Initial Coin Offering (ICO), 40% allocated to the team, and 10% to angel investors. BNB can be utilized for various purposes within the Binance platform, and the platform has implemented a buyback plan to reduce the circulating supply, potentially increasing the value of the remaining coins.
In summary, Avalanche (AVAX) and Binance Coin (BNB) are both prominent cryptocurrencies but serve different purposes within the blockchain ecosystem. AVAX focuses on being a smart contract platform with high throughput and low costs, while BNB serves as the native currency of the Binance trading platform. The market cap rankings, price changes, use cases, and tokenomics of these tokens vary, reflecting their unique characteristics and respective positions in the cryptocurrency market.