$BNB is the native cryptocurrency of Binance, one of the world’s largest crypto exchanges. Originally launched as an ERC-20 token in 2017, BNB later migrated to Binance’s own blockchain, BNB Chain. It is widely used for trading fee discounts, staking, transaction fees, and participating in token sales on Binance Launchpad. BNB also powers the Binance Smart Chain (BSC), supporting decentralized applications (dApps) and smart contracts. With a quarterly burn mechanism reducing supply, BNB maintains scarcity and value. As Binance expands its ecosystem, BNB remains a crucial asset for traders, developers, and the broader crypto community.