BNB

BNB Staking At 21M BNB, Roughly $5.2B

by BSCN

December 18, 2022

Staked BNB continues to climb despite price fall.

BNB Staking Rises Despite Price Fall

BNB Chain’s validator staking has eclipsed 21 million once again, despite the recent fall in BNB price. The total price value of the staked BNB is roughly $5.2 billion.

The amount of staked BNB tokens first rose above 21 million in late November but fell in early December. The 21 million staked as of December 2022 is a 700% increase from last year. The more staked tokens there are, the more decentralization the chain’s consensus has, and thus more security.

As tweeted by notable personality V_bnbchain in a short thread on Dec. 17, the increase in validator staking gives builders more ability to focus on other priorities.

The team is designing *another* big chunk of BNB ecosystem, which is beyond the current functions of Beacon Chain and Smart Chain but still integrated with them and expands the utility of BNB. I am looking forward to 2023. 3/4
— V (@v_bnbchain) December 17, 2022

What is BNB Chain:

Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.