In October 2024, GenBank contained 34 trillion base pairs from over 4.7 billion nucleotide sequences and more than 580,000 formally described species.
GenBank has become an important database for research in biological fields and has grown in recent years at an exponential rate by doubling roughly every 18 months.
LANL collaborated on GenBank with the firm Bolt, Beranek, and Newman, and by the end of 1983 more than 2,000 sequences were stored in it.
In the mid-1980s, the Intelligenetics bioinformatics company at Stanford University managed the GenBank project in collaboration with LANL.
During 1989 to 1992, the GenBank project transitioned to the newly created National Center for Biotechnology Information (NCBI).
[16] The authors provide recommendations how to avoid further distribution of publicly available sequences with incorrect scientific names.