$BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, originally launched in 2017 as an ERC-20 token on Ethereum, but later migrated to its own blockchain, BNB Chain (formerly Binance Smart Chain).

🔹 Key Facts About BNB:

Utility Token: Used for trading fee discounts on Binance, launchpad participation, staking, and more.

Burn Mechanism: Binance uses a portion of its profits to buy back and burn BNB quarterly, reducing supply and potentially increasing value.

DeFi Powerhouse: Heavily used in DeFi, NFTs, and GameFi apps on the BNB Chain.

Total Supply Cap: 200 million BNB (target to burn until only 100 million remain).

🔹 Use Cases:

Paying Binance trading fees at a discount.

Participating in Binance Launchpad/Launchpool.

Gas fees on BNB Chain dApps.

Cross-chain swaps, staking, yield farming, etc.

🔹 Current Trends:

BNB remains a top 5 cryptocurrency by market cap, resilient through market cycles due to its deep integration within the Binance ecosystem.