$BNB
Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, one of the world's largest cryptocurrency trading platforms. Initially launched as an ERC-20 token in 2017, BNB was later migrated to Binance's own blockchain, Binance Chain, to become a utility token for the platform's ecosystem.
BNB is used for a variety of purposes, including paying for trading fees on Binance at a discounted rate, participating in token sales via Binance Launchpad, and powering decentralized applications (dApps) within the Binance Smart Chain (BSC) ecosystem. Additionally, it can be used for staking, governance, and transaction fees within BSC.
As of December 2024, BNB is one of the top cryptocurrencies by market capitalization, frequently ranking within the top 5. Its price fluctuates based on market conditions and adoption across the Binance ecosystemt Chain has gained significant traction, making BNB an essential part of the broader DeFi (decentralized finance) and NFT (non-fungible token) markets, which has further fueled its growth .
If you're interre detailed and real-time updates on BNB, platforms like [CoinMarketCap](https://coinmarketcap.com/currencies/binancecoin/) and [Binance](https://www.binance.com/en) are good resources.
