$BNB
Fundamental Analysis
1. Use Cases & Utility:
Binance Exchange Fee Discount: Still one of the core utilities—users get discounts when paying fees in BNB.
BNB Chain Ecosystem: Used for gas fees on BNB Smart Chain (BSC)—home to thousands of DeFi, NFT, and GameFi projects.
Token Burns: Binance continues quarterly BNB Auto-Burn, reducing supply and potentially boosting long-term value.
2. Supply Stats:
Max Supply: 200 million
Circulating Supply (July 2025): ~149 million
Burned so far: Over 50 million BNB
3. Regulatory Standing:
BNB was under regulatory pressure from the SEC and other global regulators in 2023–24. However, Binance’s legal restructuring and leadership shift helped stabilize sentiment in 2025.