BNB is the coin that powers the BNB Chain — a blockchain network built by Binance, one of the largest crypto exchanges in the world.
Think of BNB as a fuel-and-discount token rolled into one. You spend small amounts to pay for transactions on BNB Chain (the way you'd pay gas in a car), and you can also use it to get a discount on trading fees at Binance.
BNB Chain itself is designed to feel like Ethereum but cheaper and faster: apps written for Ethereum can usually run on it with little change, and a typical transaction costs pennies instead of dollars.
That mix — a working chain, low fees, and a giant exchange behind it — is why BNB is one of the most widely held coins after Bitcoin and Ethereum.
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