$BNB **$BNB: Powering the Binance Ecosystem**
$BNB (Binance Coin), launched in 2017 by the Binance exchange, has evolved into a cornerstone of the crypto world. Initially used to pay trading fees at a discount, BNB now fuels a vast ecosystem. It migrated to Binance Chain in 2019, enabling faster transactions, and later supported Binance Smart Chain (BSC), a hub for decentralized apps (dApps) and DeFi projects.
BNB’s utility spans fee payments, staking, travel bookings, and participating in token launches via Binance Launchpad. A key feature is Binance’s quarterly BNB Burn, permanently removing tokens from circulation to boost scarcity.
As the backbone of one of crypto’s largest ecosystems, BNB remains a top-5 cryptocurrency by market cap, reflecting its adaptability and Binance’s global influence. Investors value it for utility, deflationary mechanics, and its role in Web3 innovation.
