$BNB is one of the most important cryptocurrencies in the Binance ecosystem. It was originally launched as an ERC-20 token but later moved to Binance Chain. Today, $BNB is used for many purposes like trading fee discounts, participating in token sales, and powering the Binance Smart Chain (BSC). It has a strong use case in DeFi, NFTs, and smart contracts. The price of $BNB is often influenced by Binance exchange activity, overall market trends, and quarterly coin burns. As a trader, keeping an eye on $BNB's utility and market demand can help in making informed decisions.

$BNB