$BNB short for Binance Coin, is the native cryptocurrency of Binance, one of the world's largest cryptocurrency exchanges. Launched in 2017, BNB initially served as a utility token to reduce trading fees on Binance. Over time, its use cases expanded to include payment for transaction fees on Binance Smart Chain, staking, token sales, and purchasing goods or services. BNB operates on a deflationary model through a regular token burn mechanism, reducing supply to increase value. With its robust ecosystem and strong adoption, BNB has become a top-tier cryptocurrency, supporting decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain-based applications globally.