#BNB.BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem. It was launched in 2017 as an ERC-20 token on the Ethereum network but later migrated to its own blockchain, *BNB Chain*. Its main purpose is to serve as a means of payment within Binance, offering discounts on trading fees and other utilities.

*Main features:*

- *Usage on Binance*: It is used to pay transaction fees with discounts.

- *Own blockchain*: It operates on BNB Chain, which includes BNB Smart Chain and BNB Beacon Chain.

- *Token burn*: Binance conducts periodic burns of BNB to reduce supply and increase its value.

- *DeFi applications*: It is used in staking, yield farming, and other decentralized financial services.

Currently, the price of BNB is around *$662.35 USD*, with a market capitalization of *$93.32 billion*.