About Band Protocol
Band is a cryptocurrency that describes itself as “a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts.” Band allows blockchains to access data, such as stock prices and weather, that are available via API. Note: Coinbase only supports the Band token running on Ethereum (ERC-20).
Buy Band Protocol
Trading Insights
Buyer Ratio
Traders
89
25.35%
Buyers
35
12.9%
Sellers
59
40.48%
Searched
81
Market Stats
Market Cap
£85.46M
-6.69%
FDV
£85.46M
Circ. Supply
166M BAND
Max Supply
Not enough data
Total Supply
166M BAND
Diluted Valuation
£85.46M
Performance
Popularity
#336
Dominance
0%
Volume (24H)
£7.92M
51.05%
Volume (7D)
£58.82M
Volume (30D)
£103.74M
All time high
£17.08
Price Change (1Y)
-43.8%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Defi tokens: Decentralised Finance (or 'DeFi') tokens (e.g. UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.
Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.
Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets. For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.
Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.
Data/oracle risk: DeFi protocols often rely on external data sources or 'oracles'. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.
Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.
Additional details
Recent trends
The price of Band Protocol has decreased by 1.36% in the last hour and decreased by 6.81% in the past 24 hours. Band Protocol’s price has also fallen by 7.49% in the past week. The current price is £0.51 per BAND with a 24-hour trading volume of £7.92M. Currently, Band Protocol is valued at 97.02% below its all time high of £17.08. This all-time high was the highest price paid for Band Protocol since its launch.
The current circulating supply of Band Protocol is 166,005,496.559 BAND which means that Band Protocol has as total market cap of £85,456,446.02.
Market details
BAND vs markets
↘ 68.89%
BAND vs BTC
↘ 68.8%
BAND vs ETH
↘ 66.26%
Tags
defi
oracles
binance-chain
binance-launchpad
+3
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xBA11D00c5f74255f56a5E366F4F77f5A186d7f55 | |
BNB Smart Chain | 0xAD6cAEb32CD2c308980a548bD0Bc5AA4306c6c18 | |
Fantom | 0x46E7628E8b4350b2716ab470eE0bA1fa9e76c6C5 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.51 | ↘ 6.81% |
1 Day | £0.55 | ↘ 6.81% |
1 Week | £0.55 | ↘ 7.49% |
1 Month | £0.63 | ↘ 17.68% |
1 Year | £0.92 | ↘ 43.80% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
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 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 GBP currency in real-time. Get the live price of Band Protocol on Coinbase.
The current market cap of Band Protocol is £85.46M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Band Protocol is £17.08. 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 £7.92M.
Assets that have a similar market cap to Band Protocol include ai16z, Sologenic, Osaka Protocol, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Band Protocol is 166 million.
Band Protocol ranks 125 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.
Band Protocol news
Trending articles
Social stats
Popularity in posts
#453
Contributors
49
Posts
69
% About Band Protocol
0.057%
Hold times
0 days
X (Twitter)
7.59% bullish
Sentiment
3.6 ★
Highlights
49 unique individuals are talking about Band Protocol and it is ranked #453 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Band Protocol has an average sentiment score of 72 out of 5. Finally, Band Protocol is becoming less newsworthy, with 0 news articles published about Band Protocol.
On Twitter, people are mostly neutral about Band Protocol. There were 8.99% of tweets with bullish sentiment compared to 18.52% of tweets with a bearish sentiment about Band Protocol. 91.01% of tweets were neutral about Band Protocol. These sentiments are based on 40 tweets.
On Reddit, Band Protocol was mentioned in 2 Reddit posts and there were 1 comments about Band Protocol. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.