$BNB is the native cryptocurrency of the Binance ecosystem, one of the largest cryptocurrency exchanges in the world. Originally launched as a utility token for discounted trading fees, BNB has evolved into a versatile asset used for trading, transaction fees, DeFi applications, and more across Binance’s platforms, including Binance Smart Chain (BSC). With strong backing, regular token burns, and a wide range of use cases, $BNB remains one of the leading cryptocurrencies by market cap.