Binance Coin

is the native cryptocurrency of the Binance ecosystem, initially launched as an ERC-20 token before migrating to Binance Chain. It powers transactions on Binance Smart Chain (BSC), offering low fees and fast processing times. $BNB is widely used for trading fee discounts, payments, and DeFi applications. With a deflationary model, Binance conducts periodic token burns to reduce supply and increase value. Its strong adoption in Web3, gaming, and decentralized finance (DeFi) makes it a key player in the crypto space. As Binance expands, $BNB remains central to its ecosystem, driving innovation and utility across platforms.