$BNB (Build and Build) – The Fuel of the Binance Ecosystem
BNB, originally known as Binance Coin, is the native cryptocurrency of the Binance ecosystem, the world’s largest crypto exchange by trading volume. Launched in 2017 via an Initial Coin Offering (ICO), BNB was initially created on the Ethereum blockchain (as an ERC-20 token) but later migrated to Binance’s own blockchain, BNB Chain (formerly Binance Smart Chain or BSC).
BNB powers a wide range of use cases across the Binance ecosystem. It's used to pay trading fees, participate in token sales on Binance Launchpad, earn through staking, and access DeFi applications built on BNB Chain. One of its standout features is the quarterly token burn mechanism, where Binance uses a portion of its profits to buy back and burn BNB, reducing total supply and boosting scarcity.
BNB Chain has become one of the most active smart contract platforms due to its low fees and high throughput, attracting a vast number of developers and decentralized apps.
#BNB_Market_Update #NFTMarketWatch
As of 2025, BNB remains a top-5 cryptocurrency by market cap. Despite regulatory challenges faced by Binance globally, BNB continues to thrive as both a utility token and a cornerstone of one of crypto’s most expansive ecosystems.
