#BinanceTurns8 BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, launched in 2017. Initially created on Ethereum, it later migrated to Binance’s own blockchain, BNB Chain. BNB is used for trading fee discounts, transaction fees, DeFi applications, and token sales on Binance Launchpad. It also powers smart contracts and dApps on the BNB Smart Chain. Binance regularly burns BNB to reduce its supply and increase scarcity. As one of the top cryptocurrencies by market capitalization, BNB plays a key role in the Binance ecosystem, offering utility, liquidity, and incentives for users and developers alike across its growing platform.