$BNB Binance Coin ($BNB) is the native cryptocurrency of Binance, one of the world’s largest cryptocurrency exchanges. Initially launched in 2017 on the Ethereum blockchain, it later migrated to Binance Chain. $BNB is used to pay transaction fees on Binance, offering discounts to users. Beyond that, it powers the Binance Smart Chain, enabling decentralized applications (dApps) and smart contracts. With a capped supply of 200 million coins, $BNB is deflationary, as Binance conducts periodic coin burns to reduce supply. Its versatility extends to staking, liquidity provision, and even real-world payments, makingahnj vital part of the Binance ecosystem.