$BNB BNB, initially known as Binance Coin, is a cryptocurrency native to the Binance exchange. It has evolved into a versatile digital asset with multiple applications. Beyond its original use for discounted trading fees on Binance, BNB now powers the BNB Chain, a blockchain platform supporting smart contracts and decentralized applications (dApps).

BNB's utility extends to various services within the Binance ecosystem, including staking, DeFi, and NFT transactions. Its increasing adoption and integration into diverse blockchain projects have contributed to its significant growth and popularity in the cryptocurrency market.