BNB News: By Market Cap, BNB Overtakes XRP to Take Third Place Among Cryptocurrencies
BNB Surges Past Tether to Become the Third-Largest Cryptocurrency
BNB’s market capitalization has climbed to $177.97 billion, surpassing Tether (USDT) at $177.55 billion, according to data from CoinGecko. The token rallied 4.7% in the past 24 hours, reaching an intraday high of $1,275.66, marking its strongest performance in months.
This milestone positions BNB as the third-largest cryptocurrency by market capitalization, overtaking XRP, whose value currently stands at $177.9 billion. The surge reflects rising trading activity, increasing institutional inflows, and expanding participation across the BNB ecosystem.
BNB Chain Activity Reaches Multi-Month Highs
Data from TokenTerminal and DeFiLlama shows that the BNB Chain has regained its spot as the most active blockchain by user addresses, surpassing both Solana and Ethereum.
The resurgence is fueled by a sharp increase in decentralized trading and lending activity, especially on the Aster Protocol, where total value locked (TVL) has skyrocketed 570% to $2.34 billion.
Binance’s broader Web3 integration efforts — including Alpha Points programs, wallet initiatives, and Launchpool campaigns — have also reinvigorated network participation. Meanwhile, a recent gas fee reduction to 0.05 Gwei has enhanced both user retention and developer engagement on the chain.
Institutional Demand and Supportive Market Conditions
Institutional interest in BNB continues to rise as investors gain confidence in its deflationary tokenomics and utility-driven ecosystem. Several regional investment funds — particularly in Kazakhstan and Southeast Asia — have reportedly added BNB to their portfolios.
Macro conditions are also providing tailwinds: expectations of an upcoming Federal Reserve interest rate cut have strengthened investor appetite for risk assets, including large-cap cryptocurrencies such as BNB.
BNB’s Position in the Broader Crypto Market
While Bitcoin (BTC) remains the market leader, trading around $124,131 with a $2.47 trillion market capitalization, and Ethereum (ETH) follows at $4,681 with $565 billion in value, BNB’s ascent past Tether underscores a shift in investor preference toward utility-based assets over stablecoins.
The total cryptocurrency market capitalization has now reached $4.23 trillion, with Bitcoin’s dominance holding at 58.3%. Within this expanding market, BNB continues to strengthen its role as a top-performing altcoin and a cornerstone of blockchain utility adoption.
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