$BNB
🔍 What is BNB?
Native token for Binance ecosystem: Originally launched in 2017 as an ERC-20 token for Binance exchange fees, BNB now powers its own blockchains—BNB Beacon Chain and BNB Smart Chain (BSC/opBNB), supporting fast, low-cost smart contracts and dApps .
Core uses:
Discounts on Binance transaction fees
Paying gas fees on BNB Smart Chain
Participating in token sales, staking, dApp usage, and governance
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📊 Price & Market Snapshot
Trading at approximately $760–$762, ranked #6 by market cap with around $106 billion .
24‑hour trading volume is roughly $3 billion.
Over the past week, BNB is up ~12%, reflecting bullish sentiment .
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🔄 Token Mechanics: BNB Supply Burns
Binance conducts quarterly BNB burns, using ~20% of profits to repurchase and permanently destroy tokens, helping reduce supply over time .
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🚀 Recent Updates & Ecosystem Growth
The BNB Chain plans to target 5,000+ DEX swaps per second in 2025, with long-term goals of reaching 20,000 TPS—demonstrating a clear focus on scalability .
On-chain activity has seen renewed interest in BNB, especially as analysts watch for altseason triggers .
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📈 Related Industry Moves
Nano Labs, a Hong Kong chipmaker, announced plans to buy $1 billion worth of BNB, aiming to hold between 5–10% of its circulating supply. Their stock nearly doubled after the news, which also boosted BNB's price ~2.7% .
