What is Band Protocol?
Band Protocol (BAND) is an infrastructure / oracle network token currently ranked 356th by market capitalization across all crypto assets we track. Infrastructure tokens reward network participants — oracles, indexers, compute providers — for the services they supply to applications.
Market position
At the current price of $0.2184, Band Protocol carries a market capitalization of $36.25M. Daily trading volume across exchanges sits at roughly $3.33M. That works out to a 24-hour turnover of about 9.20% of the float — elevated turnover, often a signal of active narrative-driven trading.
Price action across timeframes
Over the past 24 hours, Band Protocol has moved ++6.23%; over the past week, Band Protocol has moved -3.07%. Short-term and long-term direction diverge here, which often happens at inflection points where a trend is either reversing or pausing.
Cycle position
Band Protocol is currently trading far below its all-time high (all-time high of $23.16, -99.1% from peak). Late-stage capitulation territory — the riskiest end of the cycle but historically the highest-reward. From its all-time low of $0.1940, current pricing represents a +13% recovery.
Supply & dilution
The circulating supply stands at 159,063,791 BAND. There is no explicit cap on maximum supply — issuance follows a programmatic schedule defined in the protocol.
Volatility profile
Recent price action puts Band Protocol in the High-volatility bucket. The asset has been actively trading, with daily moves that would be unusual in traditional equities.
How to evaluate Band Protocol
A balanced read on BAND typically considers three lenses:
- Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
- Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
- Comparable assets — how is BAND performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.
This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.