BNB Binance Coin is one of the top utility tokens created by the well-known Binance Exchange. Binance Coin was originally created on the EthereumEthereumEthereum is an open source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions.en.wikipedia.org blockchain but later moved to its own blockchain, Binance Chain. BNB Coin is the ticker symbol of Binance Coin. BNB tokens are regularly destroyed or burned to ensure that BNB increases in value steadily.
As of March 2023 BNB has a market cap of 53.19B. This makes BNB the world's 4th largest crypto project.