$BNB BNB, or Binance Coin, is trading around $771.83 to $792.83, with a 24-hour trading volume of $2.42 billion to $4.322 billion. Its market capitalization is approximately $105.65 billion to $110.27 billion, ranking it fifth among cryptocurrencies. BNB's primary use cases include ¹ ² ³:

- *Trading Fee Discounts*: Users receive discounts on trading fees when paying with BNB on Binance.

- *Staking and DeFi*: BNB holders can stake their tokens or participate in decentralized finance applications.

- *Governance*: BNB serves as a governance tool, allowing holders to participate in decision-making processes.

- *Transaction Fees*: BNB is used to pay for transaction fees on the Binance Chain and BNB Smart Chain.

BNB's price has seen significant fluctuations, with an all-time high of $808.09. Its deflationary model, which involves regular token burns, aims to increase scarcity and support the token's value over time ² ³.