$BNB Binance Coin (BNB) is a utility token that powers the Binance ecosystem, offering multiple use cases beyond just trading. It is used to pay transaction fees on Binance, granting users discounts and encouraging wider adoption. BNB also fuels decentralized applications (dApps) and smart contracts on the Binance Smart Chain (BSC), a blockchain designed for low fees and fast transactions. Its deflationary mechanism through regular coin burns reduces supply, increasing scarcity over time. BNB’s versatility as a payment option for goods, services, and travel makes it a key player in crypto adoption, driving demand and innovation in the broader blockchain space.