According to Odaily Planet Daily, Binance co-founder CZ reposted an interview on the X platform, stating that when BNB first launched in 2017, it was simply an ERC-20 token on Ethereum, initially used as a "chip" for fundraising. However, at the time, Binance considered creating its own blockchain, one that would be public and decentralized, and never imagined it would develop into what it is today. For the past two years, he was preoccupied with a US lawsuit and didn't devote much time to BNB or invest in the BNB chain. The community relied on its own development, and BNB held up well. Starting this year, Binance began to increase its investment, but even so, the BNB chain remains somewhat unfinished, and the ecosystem is still somewhat immature. Initially, some wanted to call BNB "Binance Coin," and indeed, it was initially called that. Later, they sought to shed the Binance label and now operate independently of Binance. It has evolved into a multi-chain native asset, including BSC, Greenfield, and opBNB, forming a financial ecosystem encompassing decentralized exchanges (DEXs), derivatives, lending, and stablecoins.

CZ added that when the interview was conducted, the price of BNB had not yet reached $1,000 and was only around $800.