$BNB

Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, launched in 2017 by the Binance exchange. Initially an ERC-20 token on Ethereum, BNB transitioned to Binance Chain in 2019. It powers transactions on Binance Smart Chain (BSC), a blockchain supporting smart contracts and decentralized applications. BNB is used for paying trading fees, staking, and participating in token sales on Binance. Its deflationary model includes periodic coin burns to reduce supply, potentially increasing value. BNB's utility, low transaction costs, and integration with Binance's vast platform make it a top cryptocurrency, consistently ranking high in market capitalization.