Band Price

Band (BAND) is a decentralized oracle platform that connects real-world data to blockchain smart contracts. Currently ranked #411 with a price of $0.7049, it has seen a -2.11% change in the last 24 hours. Band operates primarily on the Ethereum blockchain but is also compatible with multiple ecosystems including Cosmos, Binance Chain, Solana, and Polygon. As a cross-chain data oracle, Band enables smart contracts to access external information securely and reliably. It uses a network of validators who retrieve and verify data from various sources before recording it on-chain. This makes Band essential for DeFi applications, prediction markets, and any blockchain service requiring real-world data inputs. With a market cap of $115.28M and 24-hour trading volume of $238.94K, Band has established itself as a significant player in the Web3 oracle space. The total supply is 163.55M BAND BAND tokens, with 163.54M BAND currently in circulation.

Band was created in 2017 by Soravis Srinawakoon, Sorawit Suriyakarn, and Paul Nattapatsiri. It was initially deployed on the Ethereum blockchain in September 2019, with its official launch date being September 18, 2019. In October 2020, Band migrated from Ethereum to its own blockchain built using the Cosmos SDK, marking a significant evolution in the project's development. This migration was part of the Band v2.0 update, which enhanced the protocol's capabilities as a cross-chain data oracle platform.

The founders of Band are Soravis Srinawakoon (CEO), Sorawit Suriyakarn (CTO), and Paul Nattapatsiri (CPO). These three entrepreneurs established the project as a startup based in Thailand. In 2019, they successfully raised $3 million in funding from various venture capital firms, including the India unit of Sequoia Capital, which helped launch and develop the BAND protocol ecosystem.

Band works as a decentralized oracle platform that connects real-world data to blockchain applications. Operating on the Cosmos SDK, BAND tokens power the network where validators retrieve and verify external data before securing it on-chain. When developers need off-chain information (like price feeds or weather data), they pay validators in BAND tokens to fetch and verify this data. The current price of BAND is $0.7049, with a market cap of $115.28M and 24-hour trading volume of $238.94K. The token has seen a -2.11% change in the last 24 hours. Band supports multiple blockchains including Ethereum, Binance Chain, and Cosmos, making it a versatile cross-chain oracle solution for DeFi applications, prediction markets, and other blockchain use cases requiring reliable external data.

Band is built on a dual-layer technical architecture. At its core is BandChain, a Cosmos SDK-based blockchain designed specifically for oracle functionality. This architecture consists of: 1. BandChain Layer: The validator-secured blockchain that processes data requests and verifies external information. 2. Bridge Layer: Connects BandChain to multiple blockchains, enabling cross-chain data delivery. The system uses a delegated proof-of-stake consensus mechanism where BAND token holders can delegate their tokens to validators who secure the network. The architecture supports: - Cross-chain compatibility with Ethereum, Binance Chain, Solana, Polygon, and other ecosystems - Fast data request processing (3-6 second block time) - Decentralized validation through multiple independent data sources - Custom data scripts for specific oracle requirements This design allows Band to efficiently serve as a decentralized bridge between off-chain data sources and on-chain applications, particularly for DeFi protocols requiring reliable price feeds and other external information.

Band has an ambitious roadmap focused on expanding its cross-chain oracle infrastructure. In the near future (2025-2026), BAND plans to enhance its data oracle capabilities, improve validator economics, and integrate with more blockchain ecosystems beyond Ethereum, Cosmos, and Binance Smart Chain. By 2027, Band aims to launch advanced VRF (Verifiable Random Function) services and expand its decentralized price feeds to support emerging DeFi protocols. The team is also developing improved governance mechanisms to increase community participation. Long-term goals for 2030 include establishing BAND as the leading oracle solution for Web3 applications with particular focus on DeFi, gaming, and metaverse projects. With its current price at $0.7049 and market cap of $115.28M, Band has significant growth potential as oracle services become increasingly essential to blockchain infrastructure.