At the time of writing, Binance Coin (BNB) has surged to a record-breaking price of $708, marking a remarkable 12% increase. BNB serves as the native cryptocurrency for Binance, a globally renowned and widely used cryptocurrency exchange platform. Since its launch in July 2017, BNB has been utilized for a variety of transactions within the Binance ecosystem, including covering transaction fees on the Binance Exchange and participating in token sales on the Binance Launchpad, among other functions. Additionally, BNB holds significant influence over the Binance Chain, a revolutionary blockchain platform empowering users to create their own digital assets and cryptocurrencies. The ongoing ascent of BNB further solidifies its pivotal role within the Binance ecosystem.
