BNB is a cryptocurrency associated with the BNB Chain ecosystem. It began closely tied to the Binance exchange and later became important for applications and transactions on BNB Chain.
What BNB is used for
BNB can be used to pay network fees, interact with decentralized apps, participate in token launches, or access exchange-related benefits depending on the platform.
BNB Chain and apps
BNB Chain supports smart contracts, tokens, DeFi apps, and other blockchain services. It competes with networks such as Ethereum and Solana for developer and user activity.
As with any exchange-linked or ecosystem token, users should understand custody, regulatory, platform, and market risks before relying on it.