BNB (BNB) perpetual market

BNB is the native asset of BNB Chain and the utility token of Binance, the world's largest cryptocurrency exchange by volume. It launched through an initial coin offering in July 2017, originally as an ERC-20 token on Ethereum, before migrating to Binance's own chain. BNB began as a way to pay discounted trading fees on Binance and has grown into a broad utility token used for transaction fees, staking and applications across the BNB Chain ecosystem, which pairs a high-throughput smart-contract chain with the exchange. Its supply started at 200 million coins and shrinks over time through recurring token burns funded by Binance, a mechanism designed to reduce the float as the network grows. BNB does not confer any claim on Binance's profits or equity, and its price tracks demand for the exchange and its on-chain ecosystem.