$BNB, the native cryptocurrency of the Binance ecosystem, continues to play a central role in the crypto space. Originally launched as an ERC-20 token, it has evolved into the native coin of Binance’s own blockchain, Binance Smart Chain (BSC). $BNB is used for a variety of purposes within the Binance platform, such as paying for transaction fees, participating in token sales, and powering decentralized applications (dApps) on BSC.
The token has gained significant popularity due to its utility, strong backing from one of the largest crypto exchanges, and regular token burns, which reduce its supply and potentially increase its value. As Binance continues to innovate and expand, $BNB remains an essential asset in the growing world of decentralized finance (DeFi).
