The development of BNB began as an ERC-20 token: BNB was first introduced as an ERC-20 token on the Ethereum blockchain and later transitioned to become the native token of the Binance Chain.
BNB Chain: Binance Chain and Binance Smart Chain were combined and rebranded to BNB Chain.
Essentially, BNB functions as more than just a cryptocurrency; it serves as the core asset for the BNB Chain ecosystem, enabling a variety of applications and services.
BNB is not merely a token; it is the foundation of the Binance ecosystem. It provides significant value, from discounts on trading fees to facilitating operations on the Binance Smart Chain, extending its utility beyond mere speculation. With ongoing token burns that decrease supply and new integrations driving up demand, $BNB continues to advance as more than just a coin for the exchange. It is positioned as a long-term asset in a rapidly evolving market.