$BNB BNB is the native cryptocurrency of the Binance ecosystem, originally launched in 2017 as part of Binance's ICO. It was initially built on the Ethereum blockchain (as an ERC-20 token) but later migrated to Binance's own blockchain, BNB Chain (formerly Binance Smart Chain and Binance Chain).
BNB serves multiple purposes:
Trading Fee Discounts: Users can use BNB to pay for trading fees on Binance with discounts.
Gas Fees: It powers transactions and smart contracts on BNB Chain.
Token Utility: It's widely used in DeFi apps, NFT platforms, games, and more within the Binance ecosystem.
BNB Today
BNB has grown into one of the largest cryptocurrencies by market cap. Its popularity is tied to Binance’s dominant position in the crypto exchange space. Despite regulatory challenges in various countries, BNB remains a major player in both centralized and decentralized finance.
