$BNB Binance Coin ($BNB) has evolved from a simple utility token into a cornerstone of the Binance ecosystem. Launched in 2017 through an ICO, its initial use was to provide trading fee discounts. Over time, BNB became the gas token for the BNB Chain, powering decentralized applications, smart contracts, and DeFi protocols. It’s also widely used for staking, token launches via Launchpad, and real-world payments through the Binance Card. BNB's regular token burns reduce its supply and enhance scarcity, contributing to its long-term value proposition. In July 2025, it reached an all-time high above $800, reflecting growing institutional interest and market confidence.
