#BNB is the native cryptocurrency of the Binance ecosystem, originally launched as Binance Coin on Ethereum before migrating to Binance’s own blockchain, BNB Chain. It plays a vital role in powering transactions on the Binance exchange, offering users discounts on trading fees, access to token sales, and more. BNB is also used in DeFi, NFTs, and smart contracts, making it highly versatile. With strong backing from Binance and ongoing development, $BNB has become one of the top cryptocurrencies by market cap. Its utility, deflationary mechanism through regular coin burns, and ecosystem growth make $BNB a valuable asset for crypto investors.