$BNB BNB, or Binance Coin, is the native cryptocurrency of the Binance exchange and the BNB Chain. Initially created as a utility token for trading fee discounts on Binance, BNB has evolved significantly. It powers the BNB Chain ecosystem, enabling transactions, staking, and participation in decentralized applications (dApps). BNB has gained popularity due to its use in various DeFi projects, NFT marketplaces, and gaming platforms. Its deflationary model, where a portion of BNB is regularly burned, aims to increase scarcity and value over time. As a versatile token, BNB continues to play a crucial role in the growing blockchain landscape.