$BNB **$BNB** (Binance Coin) is the native token of the Binance ecosystem, powering transactions, fee discounts, and decentralized applications (dApps) on BNB Chain. Initially launched as an ERC-20 token, it migrated to Binance’s own blockchain, enabling faster and cheaper transactions. BNB is used for staking, governance, and participating in token sales on Binance Launchpad. Despite regulatory challenges facing Binance, BNB remains a top cryptocurrency by market cap due to its utility and strong ecosystem. However, its value is closely tied to Binance’s performance and regulatory scrutiny, making it a high-risk, high-reward asset in the crypto market.
