#CardanoDebate BNB is the native cryptocurrency of Binance, one of the world’s largest cryptocurrency exchanges. Launched in 2017 as an ERC-20 token on Ethereum, BNB later migrated to Binance’s own blockchain, BNB Chain. Originally used to pay trading fees on Binance at a discount, BNB's utility has expanded significantly. It now powers transactions, smart contracts, and DeFi apps on the BNB Chain ecosystem. BNB is also used for staking, token sales, and paying fees on other platforms. Binance conducts quarterly coin burns to reduce supply and increase scarcity. Despite market fluctuations and regulatory scrutiny, BNB remains a top cryptocurrency by market capitalization and ecosystem growth.