$BNB BNB's price directly reflects the health of the Binance ecosystem and BNB Chain. As a core utility token, BNB offers benefits like reduced trading fees on the Binance exchange, participation rights in Launchpad projects, and serves as gas fees for transactions on BNB Chain. Growth in the number of Binance users and the development of dApps on BNB Chain (including DeFi, GameFi) are key factors driving BNB's demand and value.

Furthermore, macroeconomic factors such as Bitcoin's volatility, global economic policies, and the regulatory landscape of the cryptocurrency industry also significantly influence it. The periodic BNB Auto-Burn mechanism reduces supply, creating long-term upward pressure. However, the crypto market is inherently volatile, and BNB's price is no exception.