Bancor Network BNT

What BNT actually is on-chain

Bancor Network is an ERC-20 deployed on Ethereum, at contract address 0x1f573d6fb3f13d689ff844b4ce37794d79a7ff1c. That address, not the ticker BNT, is what uniquely identifies this asset: anyone can deploy a second token calling itself BNT, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, BNT is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in BNT itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

For BNT the project publishes a whitepaper, a public source repository and an active account as @Bancor. Both a written specification and readable code exist, which is a materially higher bar than most assets in this size range clear. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where BNT sits in the market

At #645, Bancor Network is in the top of the small-cap band. Books at this depth are thin enough that one sizeable market order can move the printed price by several percent and retrace within minutes, which is precisely why a single static price target makes a poor trigger — you want a condition that survives one wick. Availability is concentrated in a handful of venues and volume-based delisting is a live risk rather than a theoretical one.

CryptoPingAi is currently streaming 6 live BNT order books (Binance, Bybit, OKX, Gate.io, HTX, Bithumb). That is wider coverage than most assets ranked near #645 carry, so a divergence on any one of them is far more likely to be a local liquidity event than a genuine repricing. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

BNT against its all-time high

BNT is more than 95% below its all-time high of $10.72 (on 2018-01-09) — a 37.5x gap. At this point the record has essentially no analytical value: it belongs to a different supply structure, a different holder base and often a different market cycle. The useful reference for BNT is the downside, not the peak, so the range section below matters more than this one. It was set 9 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

BNT across its historical range

The recorded range runs 88.6x, from $0.1209 to $10.72 — wide by the standards of traditional assets, moderate for this one's class.

BNT trades roughly 2.36x above its record low of $0.1209 (on 2020-03-13). Recovery from the bottom has been limited, which means the low is still close enough to function as a real reference level rather than a historical footnote.

BNT supply and valuation data

Bancor Network sits just outside the band where circulating and total supply are independently verified, so we hold a valuation figure for BNT but not an audited token count. What we do have is a fully diluted valuation of $37.2 million as of 2026-05-12. That places it in the top 10% by fully diluted value.

Because that valuation is a snapshot rather than a live figure, we deliberately do not back out a supply number from it — the price has moved since, and the division would produce a confident-looking token count that is simply wrong. Check the project's own explorer for the current supply before using any per-token valuation. The authoritative figure is the one etherscan.io reports for this contract.

What kind of asset BNT is

Bancor Network is a decentralised exchange token. The economics are unusually legible for crypto: the protocol generates fees from trading volume, and the token's value proposition rests on whether it captures any of them. Volume on the underlying venue, the fee switch status and competitive pressure from other venues are the variables that actually matter — and DEX volume is itself highly cyclical, so revenue is not a stable base.

CoinGecko files BNT under 8 categories, including Decentralized Exchange (DEX), Exchange-based Tokens, Decentralized Finance (DeFi), Automated Market Maker (AMM), Ethereum Ecosystem. CoinGecko also records deployments on Ethereum (3,072 tracked tokens), so its on-chain liquidity and its user base move with that network.

How to set a Bancor Network alert that is worth receiving

Bancor Network is the ERC-20 at 0x1f57…ff1c on Ethereum — quoted on 6 venues we stream — high dated 2018-01-09 — rank #645. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →