$BNB BNB, formerly known as Binance Coin, is the native cryptocurrency of the Binance exchange, one of the largest crypto trading platforms globally. It's used to pay for transactions and smart contracts on the BNB Chain, offering benefits like lower fees to BNB holders.

*Current Status:*

- *Price*: BNB's current price is around $654.94, with a 0.12% decrease in the last 24 hours.

- *Market Capitalization*: BNB's market cap is approximately $95.54 billion, ranking it 5th among cryptocurrencies.

- *Trading Volume*: The trading volume of BNB in the last 24 hours is around $331.28 million, indicating moderate market activity ¹ ².

*Key Features:*

- *BNB Chain*: BNB operates on its own blockchain, enabling fast and secure transactions.

- *Multiple Forms*: BNB is available in three forms: BNB BEP-2 on BNB Beacon Chain, BNB BEP-20 on BNB Smart Chain, and BNB ERC-20 on the Ethereum network.

- *Utility*: BNB is used for various purposes, including transaction fees, trading, and investments ³ ⁴.

*Recent Developments:*

- *Maxwell Upgrade*: The BNB Chain recently activated the Maxwell upgrade, which reduced block times to 0.75 seconds and enhanced network efficiency.

- *Memecoin Airdrop Series*: BNB Chain launched a memecoin airdrop series to spotlight top memecoins and encourage community engagement.

- *Partnerships*: Binance has introduced new features and partnerships, such as the Movement Network on HODLer Airdrops and the addition of new projects to Launchpool .