Zhao Changpeng: BNB was initially just a "chip" used for financing, but it has now become an ecosystem independent of Binance

ChainCatcher news, Binance co-founder CZ shared in an interview on the X platform that when BNB started in 2017, it was just an ERC-20 token on Ethereum, initially referred to as a "chip" for fundraising. At that time, there was consideration for Binance to create its own blockchain, which would be open and decentralized, but there was no thought that it could develop into what it is today.

In the past two years, he has been busy with lawsuits in the U.S. and has not spent much effort on BNB, nor has he increased investment in the BNB chain. The community has developed on its own, and BNB has held up well. Starting this year, Binance has begun to increase its investment, but even so, the BNB chain is still somewhat of a "work in progress," and the ecosystem appears a bit immature. Initially, some wanted to call BNB "Binance Coin," and indeed it was called that at first, but later there was a desire to shed the Binance label. Now it has evolved into an ecosystem independent of Binance, developing into multi-chain native assets such as BSC, Greenfield, and opBNB, forming a financial ecosystem that includes DEX, derivatives, lending, stablecoins, and more.