$BNB the native token of Binance, plays a pivotal role in powering the world’s largest cryptocurrency exchange. Initially launched as an ERC-20 token in 2017, BNB later migrated to Binance’s own blockchain, BNB Chain. It is used for trading fee discounts, token sales, and DeFi applications. With a deflationary model, Binance conducts quarterly burns to reduce supply and increase scarcity, enhancing its long-term value. BNB also powers smart contracts and NFT platforms, making it central to Binance's expanding ecosystem. As adoption of the BNB Chain grows across decentralized finance and Web3 projects, $BNB remains a cornerstone asset for traders, developers, and investors looking to leverage the strength and reach of Binance in the evolving crypto landscape.