BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, originally launched as an ERC-20 token and later migrated to its own BNB Chain. It was created to power operations within the Binance exchange, offering users trading fee discounts and access to token sales. Over time, BNB evolved into a core asset for DeFi, NFTs, and blockchain development on BNB Smart Chain. It’s used for staking, transaction fees, and participating in governance. A key feature is Binance’s quarterly token burn, which reduces total supply and aims to increase scarcity. BNB’s strong utility and ecosystem integration make it one of the most valuable assets in the crypto space.
