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Venus BNB

vBNB

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Market

Market stats

Market cap

$794.2M

Volume (24h)

$468.9M

Circulating supply

84.3M vBNB

All time high

$13.99

Price change (1h)

-0.22%

Price change (24h)

-1.81%

Price change (7d)

+12.02%

About Venus BNB

Venus BNB/vBNB is a type of vToken, a primary medium to interact with the Venus Protocol. According to the platform’s whitepaper, Venus Protocol seeks to be a completely decentralized finance-based lending and credit crypto market using money market protocols. The money market entails the buying and selling of huge quantities of very short-term debt products such as overnight reserves or commercial paper.

The protocol also utilizes the innovative Binance Smart Chain (BSC) network for fast and low-cost transactions. The platform seeks to create a secure lending environment for the network lenders and borrowers. The lenders are paid a compounded yield rate annually (APY) per block. The borrowers, on the other hand, pay interest on the borrowed cryptocurrency. The yield rates on the borrowed cryptocurrencies are determined through the demand of a specific market.

Venus Protocol has the ability to borrow assets with the collateral supplied by lenders existing money market protocols. The platform also allows minting synthetic stablecoins backed by various cryptocurrencies enabling users to experience a vast network of wrapped tokens and liquidity. The wrapped token is a token fixed to a specific cryptocurrency that still has the ability to operate on a different blockchain.

Venus Protocol supports various assets that are integrated through a vToken contract. The platform’s vToken contract currently supports two types of tokens: i) vBEP20 and ii) vBNB. Where the vBEP20 token wraps a BEP-20 (token standard on BSC) token, the vBNB token wraps an underlying BNB token. If users want to mint, redeem, borrow, repay a borrow, liquidate a borrow, or transfer vTokens, they need to go through the vToken contract. The users can also mint vTokens (vBEP20 and vBNB) in order to earn yield through the vToken exchange rate and, also, to gain the right to use vTokens as collateral.

vBNB is a protocol-generated pegged asset when collateral is supplied. vBNB tokens can be generated and deployed via the platform’s governance processes. Venus Protocol has a governance token called XVS. XVS token is designed to be a fair launch cryptocurrency and can only be earned by providing liquidity to the platform or Binance LaunchPool project.

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Venus BNB is on the rise this week.

The price of Venus BNB has decreased by 0.22% in the last hour and decreased by 1.81% in the past 24 hours. Venus BNB’s price has also risen by 12.02% in the past week. The current price is $9.42 per vBNB with a 24-hour trading volume of $468.94M. Currently, Venus BNB is valued at 32.67% below its all time high of $13.99. This all-time high was the highest price paid for Venus BNB since its launch.

The current circulating supply of Venus BNB is 84,327,095 vBNB which means that Venus BNB has as total market cap of 84,327,095.

FAQ

What is the current price of Venus BNB?

We update our Venus BNB to USD currency in real-time. Get the live price of Venus BNB on Coinbase.

What is the market cap of Venus BNB?

The current market cap of Venus BNB is $794.18M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Venus BNB?

The all-time high of Venus BNB is $13.99. This all-time high is highest price paid for Venus BNB since it was launched.

What is the 24 hour trading volume of Venus BNB?

Over the last 24 hours, the trading volume of Venus BNB is $468.94M.

What other assets are similar to Venus BNB?

Assets that have a similar market cap to Venus BNB include Gala V1, Wrapped BNB, Axelar, and many others. To see a full list, see our comparable market cap assets.

How many Venus BNB are there?

The current circulating supply of Venus BNB is 84 million.

Can I buy Venus BNB on Coinbase?

No, Venus BNB is not currently available on Coinbase, but you can sign up to get the latest news on Venus BNB and be notified when it gets added to our exchange.

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