$BNB 🔶 BNB (Binance Coin) in 2025: Evolution, Utility, and Challenges

BNB, the native token of the Binance ecosystem, continues to play a key role in the crypto industry in 2025. Although it was initially created as a simple token for reducing trading fees on the Binance platform, BNB has since become a central piece in an extensive ecosystem, with DeFi applications, NFTs, staking, and payments.

🔍 History and Evolution

Launched in 2017 through an ICO, BNB started as an ERC-20 token on Ethereum but later migrated to its own network, BNB Chain, consisting of two components:

• BNB Beacon Chain – for governance.

• BNB Smart Chain (BSC) – for smart contracts, compatible with Ethereum.

By 2025, BNB has withstood several crises:

• The collapse of FTX in 2022.

• SEC allegations against Binance in 2023.

• Change of CEO (CZ replaced in 2023) and the company's regulatory restructuring.

⚙️ Real Utility of BNB

Currently, BNB has multiple uses:

• Trading fee discounts on Binance.

• On-chain payments in DeFi applications built on BNB Chain.

• Participation in Launchpad/Launchpool.

• Governance token in some protocols.

• Staking for validators in the BSC network.

• Commercial payments (through partnerships with crypto payment providers).