$BNB Binance Coin (BNB)

Binance Coin (BNB), the native cryptocurrency of the Binance ecosystem, plays a pivotal role in powering the platform's extensive services. Launched in 2017, BNB initially operated on the Ethereum blockchain but later migrated to Binance Chain. It is widely used for transaction fee discounts on Binance, token sales, and trading. Beyond its utility in the exchange, BNB supports decentralized applications (dApps), DeFi protocols, and NFTs within Binance Smart Chain. Its deflationary model, with regular token burns, enhances scarcity and value. As blockchain adoption grows, BNB's versatility and strong ecosystem integration make it a key player in the cryptocurrency market.