$ENA BNB, or Binance Coin, is the native cryptocurrency of the BNB Chain ecosystem. It's used for various purposes, including:

- *Reduced Trading Fees*: Paying trading fees on Binance with BNB gives users a 25% discount.

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

- *Staking Rewards*: Users can stake BNB to earn rewards and participate in the network's governance.

- *Utility Beyond Binance*: BNB is integrated into various DeFi projects, NFT ecosystems, and other blockchain platforms.

The current price of BNB is around $760.64, with a 0.6% increase in the last 24 hours. Its market capitalization is approximately $106.005 billion, ranking it #5 on CoinGecko ¹.

Some key features of BNB include ² ³:

- *Token Burns*: Binance regularly burns BNB tokens to reduce the supply and increase the token's value.

- *Governance Token*: BNB holders can participate in the BNB Chain's decentralized on-chain governance.

- *Strategic Reserve Asset*: BNB plays a critical role in the BNB