BNB is the native cryptocurrency of the Binance ecosystem, including BNB Chain (formerly Binance Smart Chain). Originally launched as an ERC-20 token on Ethereum in 2017, BNB has evolved into one of the most utilized cryptocurrencies in the industry.
BNB Utility
BNB serves multiple purposes: reduced trading fees on Binance exchange, gas fees on BNB Chain, participation in token launches on Binance Launchpad, and as a payment method accepted by numerous merchants.
BNB Chain Ecosystem
BNB Chain hosts thousands of dApps including PancakeSwap (the largest DEX on BNB Chain), Venus (lending), and numerous GameFi projects. The chain is known for lower fees compared to Ethereum mainnet.
Quarterly Burns
Binance conducts quarterly token burns based on trading volume, permanently removing BNB from circulation. The goal is to reduce total supply from 200 million to 100 million BNB over time.
Track BNB Activity
Monitor BNB price and whale movements on CoinMarketGuy. Large BNB movements to and from Binance wallets can signal significant market events.