$BNB Binance Coin (BNB) has evolved from a simple utility token to one of the most prominent cryptocurrencies in the market. Originally created to reduce trading fees on the Binance exchange, BNB now powers a wide range of applications within the Binance ecosystem, including decentralized finance (DeFi), token launches, and more. With its deflationary model, where Binance periodically burns BNB to reduce supply, the coin's value can potentially increase over time. As Binance expands into various sectors like NFTs and blockchain development, BNB remains an integral part of its growth, solidifying its position as a top-tier cryptocurrency.