$BNB
BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, initially launched on the Ethereum blockchain before migrating to Binance Chain. It is widely used for transaction fees on Binance, trading, and various DeFi applications. BNB also plays a role in token sales, travel bookings, entertainment, and payments. With Binance Smart Chain (BSC), BNB supports smart contracts and decentralized applications (DApps). Its popularity has grown due to lower fees and fast transactions. As Binance expands, BNB’s utility continues to increase, making it a key player in the crypto world. However, regulatory challenges and market volatility affect its value.
