$BNB BNB is the native cryptocurrency of Binance, initially launched in 2017 as an ERC-20 token before moving to Binance Chain. It was first used for trading fee discounts but now powers the Binance Smart Chain (BSC), a fast and low-fee blockchain for DeFi, NFTs, and dApps.

BNB is used for transaction fees, staking, governance, and token sales on Binance Launchpad. Binance also conducts regular token burns to reduce supply and increase scarcity. Beyond Binance, BNB is accepted for payments and services worldwide, making it one of the top cryptocurrencies by market cap.