$BNB $BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, initially launched on Ethereum before migrating to Binance Chain and later to BNB Smart Chain (BSC). It serves multiple purposes: paying for trading fees on Binance at a discount, powering DeFi applications on BSC, and participating in token sales on Binance Launchpad. With a capped supply of 200 million coins, Binance conducts regular coin burns to reduce circulation and increase value over time. $BNB has evolved from a utility token to a core component of Binance’s growing blockchain infrastructure, maintaining a strong position among top global cryptocurrencies.