$BNB BNB (originally “Binance Coin”) is the native token of the BNB Chain ecosystem, comprising BNB Beacon Chain and BNB Smart Chain (BSC). It launched in July 2017 on Ethereum, then migrated to its own chains in 2020, and rebranded in early 2022 . BNB is used for:

Paying transaction fees on Binance and BNB Chain (spot, margin, futures)

Gas fees and smart contract interactions on BNB Smart Chain

Participating in token sales, NFTs, staking, VIP tiers, and governance

Its tokenomic model includes periodic burns, reducing supply over time .

📰 Recent Developments & Market Moves

1. Institutional Interest Spillover

Hong Kong-based Nano Labs announced plans to purchase $1 billion worth of BNB, issuing $500 m in interest-free convertible notes. Their goal: to hold 5–10% of circulating BNB supply. The news spiked Nano Labs' stock and lifted BNB price by ~2.7% .

2. Ecosystem Growth & Upgrades

Technical enhancements: The Maxwell hard fork reduced block times to ~0.75s, boosting throughput—pushing on-chain activity and market cap .

Binance is rolling out faster block times (sub-1s), gas-free transactions, and AI integrations on chain .

Continuous expansion, including new DeFi projects, NFTs & improved staking yields .

3. On‑chain Metrics & Competition

BNB outpaced Solana, flipping it for 5th-largest crypto by market cap, thanks to a 22% weekly surge; meme coin activity and on-chain volume surged, with BNB chain handling ~68 million tx last month .