$BNB

# Understanding BNB

BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, originally launched as an ERC-20 token before migrating to the Binance Chain. Initially created to offer trading fee discounts on the Binance exchange, BNB has evolved into a multi-utility token powering #BinanceSmartChain (BSC). It is widely used for transaction fees, staking, liquidity provision, and DeFi applications. Many projects integrate BNB for payments, gaming, and #NFT marketplaces. Binance conducts quarterly BNB burns to reduce supply, enhancing its scarcity and potential value. As adoption grows, BNB continues to play a crucial role in decentralized finance (#DeFi) and Web3 innovation. With its strong ecosystem and multiple use cases, BNB remains a key asset in the evolving #crypto space. #BNB