$BNB

BNB (Build and Build) is the native cryptocurrency of the BNB Chain ecosystem, which was originally launched by Binance, one of the world’s largest cryptocurrency exchanges. Initially known as Binance Coin, BNB was created in 2017 as an ERC-20 token on the Ethereum network but later migrated to Binance’s own blockchain, now called BNB Smart Chain (BSC).

BNB serves multiple purposes within the Binance and BNB Chain ecosystems. On Binance, users can use BNB to pay for trading fees at a discounted rate. On BNB Chain, BNB is used to pay gas fees, participate in decentralized finance (DeFi) applications, trade NFTs, and more. It also plays a role in governance, allowing holders to vote on proposals that shape the future of the BNB ecosystem.

Over the years, BNB has grown from a utility token to a key asset in the broader crypto space. It supports fast, low-cost transactions and has gained popularity for its scalability and support for smart contracts. Additionally, Binance periodically conducts BNB burns—permanently removing a portion of BNB from circulation—to reduce supply and potentially increase value over time.

BNB continues to evolve as a cornerstone of Web3 innovation, DeFi, and blockchain-based applications.