$BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, originally launched in 2017. It powers the Binance Smart Chain (BSC), enabling fast, low-cost transactions for decentralized apps (dApps), DeFi projects, and NFT platforms. $BNB is also used for trading fee discounts on Binance Exchange, staking, and token sales. Its utility and strong ecosystem support have helped it remain among the top cryptocurrencies by market cap. Regular token burns reduce its supply, aiming to boost long-term value. As Binance expands its global influence, $BNB continues to play a central role in the crypto economy’s growth and adoption.
