According to Cas Abbé, BNB is the sole token powering the BNB Chain and functions as the gas token, similar to how ETH operates on Ethereum. This means all transactions and smart contract executions on the BNB Chain require BNB for network fees, making BNB critical for DeFi activity, cross-chain swaps, and NFT trading on this blockchain. Traders should monitor BNB’s on-chain activity and fee dynamics as these impact both transaction costs and the broader crypto market liquidity. Source: Cas Abbé on Twitter (June 1, 2025).