$BNB BNB, or Build and Build, is the native cryptocurrency of the BNB Chain ecosystem, developed by Binance. Initially launched as Binance Coin, it was primarily used to pay trading fees on the Binance exchange, offering users discounts. Over time, BNB's utility expanded significantly.

BNB's Evolution

Today, BNB powers various applications within the BNB Chain, including decentralized applications (dApps), games, and DeFi protocols. It's used for staking, participation in token sales on Binance Launchpad, and even for payments at select merchants. This broad utility and continuous development within the Binance ecosystem have made BNB one of the largest cryptocurrencies by market capitalization, reflecting its integral role in the broader Web3 landscape.