BNB Chain in three sentences:
BNB was first issued in 2017 as an ERC-20 token on Ethereum, then migrated to the Binance Chain mainnet in 2019.
On BNB Chain, BNB is used to pay transaction fees and for purposes such as validator staking, tying its utility directly to on-chain activity.
Keep a small amount of BNB in your wallet for gas, or you won’t be able to transfer tokens on-chain.
$BNB 715.1(-3.74%)

This information may not be accurate; don’t treat it as advice.