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BAND PROTOCOL (BAND)

band

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About

band

Band Protocol uses a Delegated Proof-of-Stake (DPoS) system where validators stake the native BAND token to process on-chain and off-chain data requests. DApps pay BAND for oracle queries, with validators aggregating and verifying results.

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What is band?

Band Protocol uses a Delegated Proof-of-Stake (DPoS) system where validators stake the native BAND token to process on-chain and off-chain data requests. DApps pay BAND for oracle queries, with validators aggregating and verifying results.

Launched on Ethereum in 2019, Band moved to BandChain in 2020 with the GuanYu mainnet, supporting Inter-Blockchain Communication (IBC). BAND tokens are used for staking, query fees, and delegation. The protocol has expanded into DeFi and gaming, with Band V3 (2025) introducing sub-second data feeds and broader IBC compatibility.

Frequently asked questions

How does band work?

Band Protocol connects smart contracts to external data through BandChain. DApps request real-time feeds via oracle scripts and pay in BAND. Validators retrieve and verify data from multiple sources, then deliver it across 36+ blockchains via IBC or bridges in seconds.

BandChain uses DPoS with Tendermint BFT consensus for scalability and security. BAND powers query fees, staking, and governance, with a capped supply partially allocated to an ecosystem fund. Token holders can delegate BAND to validators and earn rewards.

What are Band Protocol Markets?

Band Protocol markets are centralized and decentralized exchanges where BAND tokens are traded. Key aspects include:

  • Oracle Support for DeFi: BandChain’s validators provide real-time price feeds to DApps, indirectly supporting DeFi applications using BAND trading pairs.
  • Exchange Availability: BAND is traded on many platforms
  • Market Dynamics: BAND’s price is driven by supply and demand, protocol upgrades like Band V3 (July 2025), and ecosystem growth in DeFi and AI.

What Does the Band Protocol Chart Show?

  • Real-time BAND price data and historical trends.
  • Market charts help traders identify support and resistance levels.
  • Prices influenced by network upgrades, adoption, and demand.

What Role do Oracles Play in Band Protocol?

Oracles are vital to Band Protocol, enabling smart contracts and DApps to securely access real-world data. Their functions include:

  • Data Bridging: Validators execute oracle scripts to connect off-chain data sources to on-chain DApps.
  • Data Aggregation: Validators aggregate and validate data from multiple sources, ensuring accuracy and preventing manipulation.
  • Reliable Consensus: BandChain’s DPoS and Tendermint BFT consensus guarantees the reliability of oracle data.
  • Real-Time Applications: Oracles deliver data like price feeds and random numbers in 4–6 seconds, powering DeFi, insurance, and gaming applications.

How does Band Protocol interact with Cosmos?

Band Protocol integrates with the Cosmos ecosystem to deliver reliable oracle data to DApps across Cosmos-based and other blockchains. Key aspects include:

  • Real-Time Data Delivery: Validators on BandChain provide real-time data for DeFi, gaming, and enterprise DApps using oracle scripts.
  • IBC-Enabled Transfers: BandChain leverages the IBC protocol and Data Tunnel module for seamless cross-chain data sharing with Cosmos and beyond.
  • Developer Access: Cosmos developers access decentralized price feeds from the Band Standard Dataset and external data via customizable scripts.

What are the potential uses of band?

Band Protocol (BAND) powers a decentralized oracle network with key uses in the blockchain ecosystem:

  • Network Security: Validators stake BAND tokens to secure BandChain, processing transactions and oracle data requests, earning block rewards and query fees.
  • Data Request Fees: DApps pay BAND to access real-time data, like price feeds or weather, via oracle scripts, with validators delivering verified data in seconds.
  • Delegation: BAND holders delegate tokens to validators in the DPoS system, earning rewards while enhancing network security and accessibility.
  • Web3 Support: With a capped supply and dynamic incentives, Band Protocol supports staking, delegation, and real-time oracle services, driving functionality for DeFi, gaming, and Web3 DApps.

What is the history of band?

Founded in 2017 by Soravis Srinawakoon, Paul Chonpimai, and Sorawit Suriyakarn, Band launched on Ethereum, later migrating to BandChain in 2020 after a $5.85M Binance IDO. The GuanYu mainnet enabled cross-chain oracle integration with Ethereum, Cosmos, and others.

Partnerships with Binance, Moonriver, and Nasdex expanded adoption. With Band V3 (2025), Band now delivers sub-second feeds and continues growing with integrations like the XRPL EVM Sidechain.

What is Band Protocol V3?

Band V3, launched on the mainnet in July 2025, is a major upgrade to the Band Protocol ecosystem, enhancing efficiency and security for decentralized data feeds. Key enhancements include:

  • Optimized Data Delivery: Validators use oracle scripts and a Concurrent Price Stream to deliver sub-second data updates, speeding up smart contract execution.
  • Enhanced Cross-Chain Compatibility: The Data Tunnel module integrates with Cosmos, Ethereum, and other blockchains via IBC and protocols like Axelar.
  • Improved Validator Incentives: The Signaling Hub aligns rewards with data accuracy, boosting network participation.
  • Refined Governance: Upgraded decision-making features.

What does the Band Protocol price chart show?

The price chart for Band Protocol tracks its market movements over the last 24 hours and beyond. Key insights include:

  • Oracles serve price charts by aggregating live market data to display BAND’s current valuation.
  • Historical trends on the chart help traders identify potential price support and resistance levels.
  • Band Protocol’s price is influenced by factors such as network upgrades, market demand, and adoption.
  • Tracking price charts allows investors to make informed decisions based on BAND’s recent performance.

What is BandChain?

BandChain is a Cosmos SDK-based blockchain optimized for processing oracle data and delivering verified information to smart contracts and DApps. Key features include:

  • Data Aggregation: Validators use oracle scripts to aggregate and verify data from multiple external sources, ensuring reliability.
  • DPoS Consensus: A Delegated Proof-of-Stake system with Tendermint BFT maintains network decentralization and security.
  • Interoperability: BandChain enables seamless data sharing with Cosmos-based and other blockchains (e.g., Ethereum) via IBC and bridges.
  • Scalable Processing: The network handles multiple oracle requests in parallel, delivering data in 4–6 seconds to minimize congestion and boost efficiency.

What can you do with band?

Store

Store BAND in wallets like MetaMask (Ethereum) or Keplr (BandChain) for security, or on exchanges like Binance for convenience.

Stake

Delegate BAND to validators on BandChain’s DPoS system to secure the network and earn block rewards and query fees.

Spend

Use BAND to pay query fees for real-time oracle data (e.g., price feeds, random numbers) in DeFi and gaming DApps.

Send

Transfer BAND between wallets on BandChain or Ethereum, with fees based on network activity.

Pay

Use BAND to pay query fees for real-time oracle data (e.g., price feeds, random numbers) in DeFi and gaming DApps.

Swap

Trade BAND for cryptocurrencies like USDT or ETH on exchanges like Binance or Uniswap, depending on liquidity and trading pairs.

*Newton does not currently support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.

Where do I buy band in Canada?

Direct Purchase

Buying BAND from individuals or unregulated platforms carries risks, including fraud and loss of protections.

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For additional information and to review the risks associated with Band Protocol, please see our Asset Statement.

Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Newton. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Newton is not liable for any losses you may incur.