Among thousands of cryptocurrencies available in the market, only a few have become the foundation of entire blockchain ecosystems. One such is BNB (Binance Coin) — not just a token, but a strategic asset that powers the infrastructure of the world's largest cryptocurrency exchange — Binance.
---
What is BNB?
BNB was created in 2017 to fund the launch of the Binance platform. Initially issued as an ERC-20 standard token on Ethereum, it later migrated to Binance's own blockchains, Binance Chain and BNB Smart Chain (now merged into BNB Chain).
---
Main functions of BNB
🔹 Payment of fees
Binance users can use $BNB to pay trading fees at a discount — this made the token popular from the very first days.
🔹 Gas on the BNB Chain network
BNB is used for paying transaction fees on the smart contract network that serves thousands of decentralized applications (dApps), NFTs, and DeFi platforms.
🔹 Participation in Launchpad/Launchpool
BNB holders can participate in the launch of new projects, providing access to tokens before they are listed.
🔹 DeFi, staking, farming
BNB is widely used as a liquid asset in many DeFi protocols, including PancakeSwap, Venus, Alpaca, etc.
🔹 Payment for services
BNB is accepted as payment in hundreds of services: travel, gaming, freelancing, marketplaces, and more.
---
Burn mechanism (BNB Auto-Burn)
Quarterly, Binance conducts an automatic burn of BNB, reducing the total number of tokens in circulation. This mechanism aims to reduce inflation and steadily increase the asset's value over time. The goal is to reduce the total supply of BNB to 100 million tokens.
---
Current situation (as of July 12, 2025)
💰 Price: $692.18
📈 24-hour change: +0.57%
💹 Market capitalization: ~$101 billion
🔄 Trading volume: ~$2.3 billion / 24 hours
🥇 Rank: #4 among all cryptocurrencies
BNB maintains its position as one of the most stable assets on the market, widely used in both Web3 projects and among millions of traders and Binance users.
---
Conclusion
BNB is more than an exchange token. It is fuel for an entire ecosystem: from fast transactions to launching innovative blockchain projects. Its value is supported by real usage, strong tokenomics, and community trust. In a world where cryptocurrencies compete for attention, BNB has long proven its reliability and effectiveness.
---
🔔 Subscribe to Binance updates to not miss important news regarding $BNB and new opportunities in the BNB Chain
