$BNB

Binance Coin ($BNB) is the native cryptocurrency of Binance, one of the largest crypto exchanges globally. Initially launched on Ethereum, it later moved to Binance Chain. BNB is used to pay trading fees on Binance with discounts, participate in token sales on Binance Launchpad, and pay transaction fees on BNB Chain. It also powers DeFi applications, NFT marketplaces, and blockchain games within its ecosystem. BNB has a burning mechanism reducing its supply periodically, aiming to increase scarcity. It is widely adopted for payments and utility within Binance’s ecosystem, reflecting its integral role in facilitating blockchain transactions and ecosystem growth.