ABEY $0.04 +0.21% RAVE $0.15 +2.33% MASK $0.40 -0.67% SFRXUSD $1.22 -0.03% CCD $0.00 +3.55% SC $0.00 -0.70% SN28 $8.48 +3.68% BNCB $5.73 +4.32% ALCH $0.04 +3.03% PEOPLE $0.01 +2.89%
All prices
Band Protocol icon
Rank #552

Band Protocol BAND

$0.21 +5.39% 24h
Market cap
$39.30M
Volume (24h)
$2.03M
Circulating supply
184.63M BAND
All-time high
$22.83
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$0.21 on Oct 28, 2026

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About Band Protocol

Band Protocol's price today is $0.21, with a 24-hour trading volume of $2,029,021. BAND is up 5.39% in the last 24 hours and ranks #552 by market cap.

Band Protocol is a blockchain oracle platform that addresses the limitations of smart contracts, which are unable to access external data sources. It serves as a bridge, enabling decentralized applications (dApps) to access reliable and validated digital data from outside the blockchain.

The protocol operates on its own Cosmos-compliant public blockchain known as BandChain. Here, stakeholders validate data from digital sources, making it accessible for smart contracts on Ethereum and other blockchains. This functionality is crucial for dApps that rely on real-world data.

The Utility of BAND Tokens

BAND serves as the utility and governance token of Band Protocol. Validators who earn their position by owning a minimum threshold of tokens or having validation rights delegated to them by other BAND holders use it. Data providers pay to have their data published on the BandChain using BAND tokens and earn money each time their data is accessed by a smart contract or dApp.

Interestingly, the value of BAND tokens decreases over time due to an automated inflation schedule implemented by the Band Protocol team. However, delegating these tokens to validators can yield good returns.

Unique Features and Future Plans

Band Protocol's shift from Ethereum to a Cosmos architecture gives it competitive advantages such as faster transactions and lower costs. The network security involves randomly choosing validators for each transaction and executing scripts only upon passing run-time security validation.

Looking ahead, Band Protocol plans to launch version 2.0 of BandChain by end of 2021 which will offer more opportunities for providers to earn rewards for supplying data.

In conclusion, Band Protocol plays a pivotal role in bridging the gap between blockchain-based smart contracts and external data sources, with its utility token BAND playing an integral part in this process.

Sources:

What is Band Protocol's all-time high (ATH)?

On April 15th, 2021, Band Protocol hit a historic high of $22.83, 5 years ago.

What is Band Protocol's all-time low (ATL)?

On July 1st, 2026, Band Protocol bottomed out at $0.1368370000, 3 months ago.