$BNB BNB: The Powerhouse Behind Binance

BNB (Binance Coin) is the native cryptocurrency of Binance, one of the world’s largest cryptocurrency exchanges. Initially launched in 2017 as an ERC-20 token on Ethereum, BNB later migrated to Binance’s own blockchain, BNB Chain. It serves multiple purposes, including reducing trading fees, participating in token sales, and facilitating transactions within the Binance ecosystem. BNB also powers DeFi applications, NFT marketplaces, and smart contracts. With its utility constantly expanding, BNB has become one of the top cryptocurrencies by market capitalization, making it a crucial asset in the evolving blockchain landscape.