Binance is a cryptocurrency exchange renowned for being the largest in the world in terms of Bitcoin trading volume and other alternative cryptocurrencies (altcoins). Users favor Binance for its extensive trading options, high liquidity, and advanced features. The BNB project refers to the native token of the Binance exchange, which was initially created as a utility token to reduce trading fees but has since expanded in its utility.
The BNB token is not only used to obtain discounts on trading fees but also plays a pivotal role in the ecosystems of Binance Chain and Binance Smart Chain, two blockchain platforms associated with the exchange. The token serves multiple purposes including participating in token sales through Binance Launchpad, as a medium for executing transactions, and as fuel for smart contracts and decentralized applications (dApps) running on Binance Smart Chain.
Binance Research, the analytical arm of the world's leading cryptocurrency exchange, Binance, has released its latest State of Crypto Report. The report provides an overview of key insights, events, and learnings from the second quarter. It provides a comprehensive analysis of developments in the crypto space, focusing on Layer 1s, DeFi, NFTs, and Gaming. The report is available for reading on the Binance Research website.
The research team at Binance is dedicated to providing objective, inde
