$BNB #bnb BNB is the native cryptocurrency of the Binance ecosystem, one of the largest cryptocurrency exchanges in the world. Originally launched in 2017 as an ERC-20 token on Ethereum, BNB later migrated to Binance’s own blockchain, first Binance Chain and then BNB Smart Chain (BSC).

BNB serves multiple purposes. It is used to pay for trading fees on Binance at discounted rates, participate in token sales on Binance Launchpad, and cover transaction fees on the BNB Smart Chain. Developers use BNB to power decentralized applications (dApps), and holders can stake it to earn rewards.

With its growing utility in payments, DeFi, NFTs, and blockchain services, BNB has become one of the top cryptocurrencies by market capitalization. Its supply is periodically reduced through a “burn” mechanism, designed to increase scarcity over time. BNB’s role continues to expand as Binance builds a more interconnected blockchain ecosystem.