TechFlow news, September 20 — Binance co-founder CZ shared an interview on X, stating that back in 2017, BNB started as an ERC-20 token on Ethereum, initially serving merely as a fundraising "chip." At the time, there was already consideration to build Binance's own blockchain—one that would be public and decentralized—but no one ever imagined it would evolve into what it is today. Over the past two years, he has been preoccupied with legal cases in the U.S., dedicating little effort or additional resources to the BNB chain; the community grew independently, and BNB endured. Starting this year, Binance has increased its investment. Nevertheless, the BNB chain still feels somewhat like a "work in progress," with its ecosystem appearing relatively immature. Initially, some wanted to call BNB "Binance Coin"—indeed, it was actually called that at first—but later there was a desire to shed Binance's branding. Today, it has evolved into an ecosystem independent of Binance, comprising multi-chain native assets such as BSC, Greenfield, and opBNB, forming a financial ecosystem that includes DEXs, derivatives, lending, stablecoins, and more.
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