$BNB BNB, or Binance Coin, is a cryptocurrency that powers the Binance ecosystem. Initially launched as an ERC-20 token on the Ethereum network in 2017, it has since transitioned to the BNB Chain ecosystem, serving multiple purposes.
*Key Features:*
- *Native Asset*: BNB is the native asset of the BNB Chain ecosystem, used for transaction fees, governance, and other utilities.
- *Discounted Trading Fees*: On Binance, users can enjoy discounted trading fees when paying with BNB, with a 25% discount on fees.
- *Multiple Forms*: BNB exists in three forms: BNB BEP-2 on the BNB Beacon Chain, BNB BEP-20 on the BNB Smart Chain, and BNB ERC-20 on the Ethereum network.
- *Use Cases*: BNB can be used for ¹ ²:
- *Trading Fee Discounts*: Pay trading fees on Binance with a discount.
- *Travel Bookings*: Book hotels, flights, and more on platforms like (link unavailable)
- *Goods and Services*: Pay for online and in-store purchases using Binance Card or Binance Pay.
- *Community Utility Token*: Participate in games, DApps, and other applications within the BNB Chain ecosystem.
- *Token Sales*: Participate in token sales hosted on the Binance Launchpad platform.
*Current Information:*
- *Price*: The current price of BNB is around $677.51 USD, with a 24-hour trading volume of $2,086,679,307.
- *Market Cap*: BNB's market capitalization is approximately $94.36 billion USD, ranking it #5 on CoinMarketCap ³.
- *Circulating Supply*: The circulating supply of BNB is around 139.28 million coins ³.
Overall, BNB has evolved into a versatile cryptocurrency with various use cases within the Binance ecosystem and beyond.
