$BNB

BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, launched in 2017. Initially designed as a utility token for trading fee discounts, BNB has evolved into the backbone of the BNB Chain, powering transactions, governance, and decentralized applications.

*Key Features:*

- *Transaction Fees*: Use BNB to pay for transaction fees on Binance exchange and BNB Chain

- *Trading Fee Discounts*: Hold BNB to receive discounts on trading fees

- *Staking and Governance*: Stake BNB to support network operations and participate in governance decisions

- *DeFi Applications*: Engage with decentralized finance platforms on BNB Chain

- *Payments*: Use BNB for payments and services at various merchants

*Tokenomics:*

- *Total Supply*: 200 million tokens

- *Circulating Supply*: 137.74 million tokens

- *Burn Mechanism*: Regular coin burns to reduce supply and increase value ¹ ² ³

*Price Information:*

- *Current Price*: $863.88

- *Market Cap*: $125.29 billion

- *All-Time High*: $1,370.55

- *All-Time Low*: $0.0961

BNB's price is influenced by market sentiment, adoption, and regulatory developments.