$BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, one of the largest cryptocurrency exchange platforms in the world. Launched in 2017, BNB initially operated on the Ethereum network but later migrated to its own blockchain, Binance Chain. This coin has multiple uses, such as paying trading fees with a discount, participating in presales on Binance Launchpad, and covering fees on Binance Smart Chain. BNB is also used in decentralized applications (dApps) and smart contracts. Binance regularly conducts BNB burns to reduce its total supply, which boosts its value. Its adoption continues to grow both within and outside the Binance ecosystem, solidifying it as one of the leading cryptocurrencies in the market.