#MostRecentTrade BNB, the native cryptocurrency of the Binance ecosystem, has evolved from a utility token for discounted trading fees to a multifaceted digital asset with diverse applications. Trading BNB involves understanding its role within the Binance ecosystem, the broader cryptocurrency market, and the factors influencing its price.

Understanding BNB's Role

Initially created in 2017 as an ERC-20 token during Binance's ICO, BNB later migrated to the Binance Chain and subsequently became the backbone of the BNB Chain, which encompasses the Binance Chain and the Binance Smart Chain (now known as the BSC).$BNB