$BNB BNB, formerly known as Binance Coin, is the native cryptocurrency of the BNB Chain ecosystem. It was initially launched in 2017 by Binance, the world's largest cryptocurrency exchange by trading volume.

Here's a breakdown of BNB:

1. What is BNB?

* Utility Token: BNB started as a utility token on Ethereum, offering discounts on trading fees on the Binance exchange.

* BNB Chain: It later migrated to its own blockchain, the BNB Chain, which now comprises several components:

* BNB Smart Chain (BSC): This is the main chain for smart contracts and decentralized applications (dApps), known for its fast and low-cost transactions.

* BNB Beacon Chain: Historically handled governance, staking, and voting (though its functionalities are being merged into BSC).

* opBNB and zkBNB: Layer-2 scaling solutions for faster and cheaper transactions.