$BNB

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Formerly known as Binance Coin, BNB is a utility token that powers the BNB Chain ecosystem. Launched in 2017 by the Binance exchange, it has evolved from a simple fee-discount token to a cornerstone of a vast and growing blockchain network.

BNB's primary use cases include paying transaction fees on the BNB Smart Chain (BSC), participating in governance, and earning rewards through staking. The BNB Chain is known for its fast transaction speeds and low costs, making it a popular platform for decentralized finance (DeFi), NFTs, and gaming applications. Binance's regular "coin burns," which permanently remove a portion of BNB from circulation, are designed to create a deflationary supply, potentially increasing its long-term value. With ongoing expansion of its ecosystem and a focus on real-world applications, BNB remains a significant player in the crypto space.