BNB (Binance Coin) is the native cryptocurrency of the Binance exchange, one of the world's largest cryptocurrency exchanges. Initially created as an ERC-20 token on the Ethereum blockchain, BNB later migrated to its own blockchain, Binance Chain, and subsequently Binance Smart Chain (BSC). BNB has multiple uses, including paying trading fees on the Binance exchange, staking for rewards, and participating in decentralized finance (DeFi) applications on BSC. Its price is highly volatile, influenced by broader market trends and Binance's activities. BNB's utility and Binance's prominence have contributed to its significant market capitalization and widespread adoption within the crypto community.$BNB
