BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, encompassing Binance Chain and Binance Smart Chain. Initially launched as an ERC-20 token in 2017, BNB now serves multiple functions: paying trading fees, participating in DeFi projects, and facilitating transactions within the Binance ecosystem.
In the past week, BNB's price experienced fluctuations, reaching a high of $654.08 and a low of $636.19. As of the latest data, BNB is trading at $646.43, reflecting a slight decrease of 0.76% from the previous close. This price movement indicates a period of consolidation following recent gains.
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