$BNB

BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, initially launched on Ethereum before moving to Binance Chain and BNB Smart Chain. It is used to pay for trading fees on Binance at a discount, participate in token sales, and within DeFi, NFT, and GameFi projects. BNB has a burning mechanism, reducing its supply over time to support scarcity. It is widely used for staking, liquidity mining, and cross-chain transactions. As Binance expands, BNB’s utility grows within its ecosystem, making it an important asset for traders and investors who engage in decentralized and centralized crypto activities.