$BNB $BNB (Binance Coin) is the native token of the Binance exchange, originally issued based on Ethereum (ERC-20) and later migrated to Binance Smart Chain. It is mainly used for trading fee discounts, on-chain transaction payments, DeFi applications, NFT purchases, and has formed a broad ecosystem. Binance reduces the supply of $BNB each quarter through a burning mechanism to enhance scarcity and value stability. With the expansion of the BSC ecosystem, applications in decentralized finance (DeFi), GameFi, and the metaverse are also continuously growing. In the future, it is expected to play an important role in more scenarios.