BNB (Binance Coin) hit its all-time high (ATH) of approximately $686 on May 10, 2021, during the height of the 2021 crypto bull run. Launched in 2017 as a utility token to offer trading fee discounts on Binance, BNB's role quickly evolved with the rise of the Binance Smart Chain (BSC). It became integral to DeFi projects, NFT platforms, and various other blockchain applications. The token's explosive growth was fueled by Binance’s expanding ecosystem, increased utility in transactions and staking, and regular token burns that reduce its circulating supply. Despite market volatility, BNB remains one of the top cryptocurrencies, backed by Binance’s global influence and ongoing ecosystem development.
