Binance Coin (BNB), launched in 2017 by Binance, has evolved from a simple exchange token into a crypto powerhouse. By March 22, 2025, BNB fuels the Binance Smart Chain (BSC), a fast, low-cost blockchain hosting countless DeFi apps, NFTs, and games. Initially created to offer trading fee discounts, BNB’s utility now spans staking, governance, and payments within Binance’s sprawling ecosystem. Its price reflects Binance’s dominance as the world’s largest crypto exchange, bolstered by regular token burns that reduce supply. In 2025, BSC’s appeal to developers and users seeking Ethereum alternatives keeps BNB relevant, though regulatory scrutiny on Binance occasionally sparks volatility. While some criticize its centralized roots, BNB’s versatility and integration make it a staple for traders and investors. As Binance expands into new markets, BNB stands as a testament to how exchange tokens can transcend their origins and drive blockchain innovation.