# Binance Coin (BNB) Overview
Binance Coin, or BNB, is the native cryptocurrency of the BNB Chain ecosystem. It's used to power transactions on the BNB Smart Chain and opBNB L2s, as well as governance participation in the BNB Chain's decentralized on-chain governance.
# Key Features
- *Native Cryptocurrency*: BNB is the fuel that powers the BNB Chain ecosystem.
- *Transaction Fees*: BNB is used to pay for transaction fees on the BNB Smart Chain and opBNB L2s.
- *Governance Token*: BNB holders can participate in the BNB Chain's decentralized governance.
- *Strategic Reserve Asset*: BNB serves as a strategic reserve asset and plays a critical role in the BNB Executive Total Value Locked (TVL) campaign.
# Price Performance
- *Current Price*: The current price of BNB is around $716.29, with a 3.37% increase in the last 24 hours.
- *Market Cap*: The market capitalization of BNB is approximately $99.77 billion.
- *Trading Volume*: The 24-hour trading volume of BNB is around $2.36 billion.
# Uses
- *Trading*: BNB can be used to trade on various cryptocurrency exchanges, including Binance.
- *Payments*: BNB can be used to make payments and send crypto globally.
- *Earn*: Users can earn interest on their BNB holdings through various platforms.
# Potential Future Developments
- *Increased Adoption*: The establishment of the BNB Treasury Company and tokenization of equities are expected to increase exposure, growth, liquidity, and wider adoption of BNB.
- *New Use Cases*: The BNB Chain ecosystem is constantly evolving, with new use cases and applications being developed.¹ ²
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