$BNB BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, initially launched as an ERC-20 token before migrating to Binance Chain. Originally used for trading fee discounts on Binance, BNB has evolved into a multi-utility asset, powering transactions on Binance Smart Chain (BSC), facilitating DeFi applications, and even supporting payments and token sales. Its quarterly burn mechanism reduces supply, potentially increasing its value over time. With strong adoption and Binance’s ecosystem growth, BNB remains a key player in the crypto market, offering scalability, low fees, and diverse use cases beyond just trading.$BNB