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#2025GateYearEndSummary
BNB (Binance Coin) – Short Summary
BNB is the native cryptocurrency of the Binance ecosystem.
It was created by Binance, one of the world’s largest crypto exchanges.
BNB is mainly used to pay trading fees at a discount, transaction fees on BNB Chain, and for staking & DeFi apps.
It runs on BNB Chain (formerly Binance Smart Chain), which supports smart contracts and decentralized applications.
Binance regularly burns BNB tokens, reducing supply to help maintain value.
BNB is widely used in DeFi, NFTs, gaming, and payments.