$BNB BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, one of the largest exchanges in the world. Created in 2017, it was initially designed as a utility token to reduce transaction fees on Binance, but its use has diversified over time.

Key features of BNB:

1. Fee reduction: Users can pay their transaction fees on Binance with BNB to benefit from discounts.

2. Use in DeFi: BNB is widely used on the BNB Smart Chain (formerly Binance Smart Chain) to interact with decentralized applications (DeFi).

3. Staking and farming: BNB holders can “stake” it to earn rewards or participate in liquidity pools.

4. Payments: More and more merchants accept BNB as a means of payment.

5. Project Launchpad: New projects on Binance often use BNB to raise funds.

Why BNB is popular:

• Its value has increased with the mass adoption of Binance.

• Binance continues to add use cases for BNB, such as gaming, NFTs, and more.

• BNB follows a deflationary model with periodic burns, which reduces the total supply.