$BNB is the native coin of the BNB Chain ecosystem, originally launched in 2017 as Binance's exchange token.
Today it is used to:
1. Pay gas fees on BNB Smart Chain, opBNB and other BNB Chain components.
2. Participate in on-chain governance for $BNB Chain proposals.
3. Act as a strategic reserve asset with an Auto-Burn mechanism that gradually reduces total supply toward 100 million BNB.
BNB evolved from an ERC-20 token on Ethereum to its own mainnet in 2019, and sits at the center of Binance's broader trading, DeFi, gaming, and Web3 ecosystem.
Key $BNB
Market Metrics Now
Here are the core figures you asked for in USD:
Metric
Value
Current price
$877.40
24h % change
-1.50%
Market cap
$119.64 B
24h trading volume
$1.46 B
Market cap rank
4
BNB is still a large cap highly trade assets but a -1.50% Move in 24hours is a normal daily fluctuation for a coin of this size.