Bancor Price

Bancor (BNT) is a cryptocurrency that operates primarily on the Ethereum platform. Launched in 2017, it serves as the native token of the Bancor Protocol, which pioneered automated market makers (AMMs) in DeFi. BNT facilitates trading between different liquidity pools and enables value conversion between tokens across multiple blockchains including Ethereum, Solana, and Gnosis Chain. As of 2025-10-30, BNT ranks #523 among cryptocurrencies with a price of $0.5684, showing a -5.17% change in the last 24 hours. It has a market capitalization of $62.94M with a circulating supply of 110.74M BNT. The token is actively traded across over 440 markets with a 24-hour trading volume of $25.05K. BNT is integral to the protocol's liquidity mechanism and governance system, allowing holders to participate in the ecosystem's decision-making process.

Bancor was created on June 12, 2017. It was launched as the native token of the Bancor Protocol, which pioneered automated market makers (AMMs) in the decentralized finance space. Since its creation, BNT has evolved to support various blockchain ecosystems including Ethereum, Solana, and Gnosis Chain, establishing itself as a key token in the DeFi landscape.

Bancor was founded by Eyal Herzog, Guy Benartzi, and Galia Benartzi. These three visionaries in the blockchain industry launched the project in 2017 on the Ethereum platform. They created Bancor as part of their decentralized exchange protocol that allows users to convert between different tokens without requiring an intermediary. The founding team's expertise in blockchain technology helped establish Bancor as an innovative solution in the DeFi ecosystem, particularly in the automated market maker (AMM) space.

Bancor operates as a decentralized liquidity protocol token on the Ethereum blockchain. It functions as the core token in the Bancor Network, enabling seamless conversion between different cryptocurrencies without requiring traditional order books. When users trade on the platform, BNT serves as an intermediary token that facilitates these swaps through smart contracts. Currently priced at $0.5684 with a market cap of $62.94M, BNT utilizes an automated market maker (AMM) model where liquidity providers stake their tokens in pools. The protocol's unique feature is its single-sided liquidity provision, allowing users to provide liquidity with just one token instead of token pairs. BNT also serves as a governance token, giving holders voting rights on protocol upgrades and parameter changes. With a circulating supply of 110.74M BNT and 24-hour trading volume of $25.05K, Bancor continues to evolve its role in the DeFi ecosystem since its launch in 2017.

Bancor operates on a sophisticated technical architecture built primarily on the Ethereum blockchain. The protocol uses smart contracts to enable direct token swaps without traditional exchanges. At its core, Bancor's architecture implements an automated market maker (AMM) model that allows for on-chain trading and continuous liquidity through its unique 'Smart Token' mechanism. These Smart Tokens maintain reserves of other tokens and can be instantly converted between them using mathematical price formulas. The protocol supports cross-chain functionality, with implementations on Ethereum, Solana, and Gnosis Chain ecosystems. This multi-chain architecture allows BNT tokens to operate seamlessly across different blockchain environments. Bancor's technical design also incorporates liquidity pools that enable single-token exposure for liquidity providers, differentiating it from other DEX protocols that typically require paired assets. The system uses BNT as the intermediary token that facilitates these conversions and serves as the network's utility token. The architecture includes governance mechanisms that allow token holders to participate in protocol decisions through voting rights proportional to their holdings.

Bancor has an ambitious roadmap focused on enhancing its DeFi ecosystem. After rebranding to Carbon DeFi in 2025, the project is expanding beyond its original AMM protocol to build a comprehensive multi-chain DeFi infrastructure. Key upcoming developments include: 1. Enhanced cross-chain liquidity solutions across Ethereum, Solana, Arbitrum, and Gnosis Chain ecosystems 2. Improved tokenomics with better staking rewards and governance mechanisms 3. Advanced AMM technology with reduced impermanent loss 4. Integration with more DeFi protocols to increase utility With $0.5684 currently and a market cap of $62.94M, BNT aims to strengthen its position in the DeFi space. The recent -5.17% movement shows growing market interest. By 2026, the team plans to complete major protocol upgrades and expand partnerships, potentially driving significant adoption and value growth.