$BNB

BNB, originally Binance Coin, is the native cryptocurrency of the Binance ecosystem, one of the world's largest crypto exchanges.

Launched in 2017 as an ERC-20 token on Ethereum, it later migrated to its own blockchain, the BNB Chain (comprising BNB Beacon Chain and BNB Smart Chain).

Its utility extends far beyond just discounted trading fees on Binance.

BNB fuels transactions and smart contracts on the BNB Chain, enabling decentralized applications (dApps), DeFi, and NFTs.

Binance also conducts periodic "burns" of BNB, reducing its supply to maintain scarcity.

This broad utility and strategic integration within the vast Binance ecosystem make BNB a significant player in the crypto market.