Band Protocol is a cross-chain data oracle platform that aims to connect real-world data and APIs to smart contracts. It intends to facilitate the exchange of information between on-chain and off-chain data sources, thereby unlocking a myriad of new use cases for developers. Band Protocol can incorporate any type of real-world data into decentralized application logic, including sports, weather, random numbers, price feed data, and more. The native token of the Band Protocol ecosystem, BAND, is used as collateral by validators involved in fulfilling data requests and as the main medium of exchange on BandChain.

Band Protocol operates by supplying reputable, verifiable real-world data to blockchains. It initially launched as an ERC-20 project on the Ethereum blockchain in September 2019, but transitioned to the Cosmos network with the release of Band Protocol 2.0. The new protocol is built on BandChain using the Cosmos SDK. Oracle nodes on BandChain not only relay data but are also involved in block production/validation, giving them a dual role. Band Protocol aims to leverage Cosmos' still in-development Inter Blockchain Communication (IBC) protocol to achieve its cross-chain data transfer.

Band Protocol aims to unlock a range of new use cases for developers to explore. Developers can use any type of real-world data as part of their decentralized application logic, including sports, weather, random numbers, price feed data, and more. This flexibility allows for the creation of custom-made oracles using WebAssembly to connect smart contracts with traditional web APIs within minutes. Band Protocol's oracle design also allows anyone to start servicing data requests, offering extremely simple smart contract integration.

Band Protocol was founded in 2017 by Soravis Srinawakoon, Paul Chonpimai, and Sorawit Suriyakarn. The platform is supported by major global investors, including Sequoia Capital, Dunamu & Partners, and Spartan Group. The Band Protocol LinkedIn page currently lists a total of 20 additional employees, most of whom are scattered throughout Asia, and include designers, developers, and engineers.

We update our Band Protocol to CAD currency in real-time. Get the live price of Band Protocol on Coinbase.

The current market cap of Band Protocol is CA$139.54M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Band Protocol is CA$31.25. This all-time high is highest price paid for Band Protocol since it was launched.

Over the last 24 hours, the trading volume of Band Protocol is CA$8.01M.

Assets that have a similar market cap to Band Protocol include VVS Finance, Cookie DAO, Ethena Labs (USDTb), and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Band Protocol is 162 million.

Band Protocol ranks 126 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 80% of Coinbase users are buying Band Protocol. In other words, 80% of Coinbase customers have increased their net position in Band Protocol over the past 24 hours through trading.

Yes, Band Protocol is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Band Protocol guide.