$BNB $BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, originally launched in 2017 as an ERC-20 token on Ethereum before migrating to Binance Chain. It powers various functions within Binance, including trading fee discounts, token sales, and transaction fees on Binance Smart Chain (BSC). BNB has evolved beyond a utility token, now used in DeFi, NFTs, and payments. Its value is supported by regular token burns, reducing supply. As Binance remains one of the largest crypto exchanges globally, BNB plays a key role in its ecosystem. Its performance often reflects the overall health and growth of the Binance platform.