$BNB

BNB (Binance Coin) is the native cryptocurrency of Binance, one of the largest cryptocurrency exchanges globally. Originally launched in 2017 as an ERC-20 token on Ethereum, BNB later migrated to Binance Chain, a proprietary blockchain.

It powers the Binance ecosystem, offering discounted trading fees, participation in token sales, and payment for transaction fees on Binance Smart Chain (BSC), a platform supporting decentralized applications (dApps) and smart contracts.

BNB's future appears promising, driven by Binance's dominance, adoption growth, and expanding utility. As the BNB ecosystem evolves, including DeFi, NFTs, and blockchain innovations, its demand may increase.

Regulatory challenges and market competition, however, pose risks. Long-term success depends on Binance's ability to adapt, maintain user trust, and innovate.

If successful, BNB could retain its position as a key cryptocurrency in the broader blockchain ecosystem.