$BNB Known as Binance BNB Smart Chain, previously known as Binance Smart Chain, it is a blockchain platform compatible with Ethereum Virtual Machine (EVM) capable of executing general-purpose smart contracts. It is a base layer, or Layer 1 (L1), that is part of the BNB Chain blockchain ecosystem developed with the support of the cryptocurrency exchange Binance. It is characterized by its fast transaction time and low transaction cost.