$BNB

BNB, the native cryptocurrency of the BNB Chain ecosystem, is currently trading around $750-$760. It holds a strong position in the market, often ranking among the top 5 cryptocurrencies by market capitalization, which is currently over $100 billion. Recent developments influencing BNB's price include significant ecosystem growth, such as the integration of Ondo Finance to enable tokenized U.S. stocks/ETFs on BNB Chain. Regular token burns, like the recent $1 billion burn in July, aim to reduce supply and maintain its deflationary nature. Despite broader market volatility, BNB has shown resilience, with increased trading volume and growing interest in its utility within the Binance ecosystem for lower fees and decentralized applications.