$BNB , the native token of the BNB Chain (formerly Binance Smart Chain), plays a vital role in the Binance ecosystem. It is used for trading fee discounts, token sales, staking, and gas fees on the BNB Chain. Originally launched as an ERC-20 token, BNB later migrated to its own blockchain. It supports decentralized apps (dApps), smart contracts, and DeFi platforms, making it a core player in the crypto space. BNB also undergoes periodic burns to reduce supply and increase value. With Binance’s continued growth and innovations, BNB remains one of the most influential and versatile assets in the crypto market.