BNB Coin has overtaken XRP. It is now in third place in the crypto market capitalisation.

Binance Coin (BNB) has officially overtaken XRP to claim third place in the global cryptocurrency market capitalisation rankings, achieving this remarkable milestone amid an increasingly volatile digital asset landscape. According to updated data from CoinMarketCap, BNB currently has a market capitalisation of around $178.37 billion, with each coin priced at approximately $1,281.55 — an impressive increase of 5.34% within the past 24 hours.

This has pushed XRP down to fourth position, with a market capitalisation of $178.27 billion and a trading price of $2.97 per coin — a decline of 0.43% over the same period. While the difference in market capitalisation between BNB and XRP may appear minimal, it underscores a notable shift in investor sentiment and confidence towards the Binance ecosystem.

Topping the global leaderboard is Bitcoin (BTC), the undisputed leader with a market capitalisation of $2.47 trillion, trading at $124,384.33 per coin — up 0.22% in the last day. Ethereum (ETH) is in second place, with a total valuation of $566.17 billion and a trading price of $4,690.60, reflecting a healthy daily gain of 2.70%. These figures underline the ongoing consolidation of the top-tier crypto assets, while BNB’s latest surge introduces a fresh wave of competition in the upper echelons of the market.

BNB’s valuation surge is largely attributed to extraordinary on-chain activity within the BNB Chain ecosystem, which recently recorded over 58 million monthly active addresses — the highest figure among all blockchains. BNB Chain is also leading in terms of 24-hour transaction fees, surpassing networks such as Ethereum, Polygon, and Solana. These indicators point to growing developer adoption, user engagement and transaction efficiency across the ecosystem.

According to reports, BNB reached a new all-time high of over $1,290 on 7 October 2025, marking its strongest performance since the previous market cycle. This renewed momentum reflects price appreciation and deeper structural growth within the Binance ecosystem, including expansion in decentralised finance (DeFi), non-fungible tokens (NFTs) and blockchain infrastructure development.

Binance founder Changpeng Zhao (CZ) has emphasised that BNB's continued success comes from a combination of ecosystem expansion, community engagement and strategic token burns. Binance periodically holds token burning events that permanently remove a portion of BNB from circulation, effectively reducing supply and increasing scarcity over time. Analysts have noted that this mechanism plays a vital role in sustaining BNB’s long-term price trajectory.

Market observers now project that BNB could potentially reach prices between $1,800 and $2,000 if bullish market conditions persist and Binance continues to innovate across its product lines, including its exchange, Web3 wallet and BNB Smart Chain upgrades. This optimistic outlook contrasts sharply with XRP’s current stagnation, as the Ripple ecosystem faces regulatory challenges and declining social sentiment.

Sentiment analysis on various crypto community platforms shows that many XRP holders are frustrated by the asset’s limited price movement despite ongoing legal developments surrounding Ripple Labs. Conversely, discussions around BNB have become increasingly positive, focusing on Binance’s transparency initiatives, technological innovations and robust global partnerships.

Beyond price action, BNB’s dominance symbolises a broader trend: the rise of exchange-backed ecosystems that extend beyond trading platforms to encompass fully integrated blockchain infrastructures. Binance has leveraged its vast user base and technical capabilities to create a seamless environment in which users can trade and build decentralised applications.

This strategic approach establishes BNB as a core component of a self-sustaining digital economy, not just a utility token, making it one of the most influential assets in the crypto space today. Its rapid growth highlights the shift towards ecosystems combining liquidity, scalability and community participation — the three pillars driving the next phase of blockchain adoption.

As competition among major cryptocurrencies intensifies, BNB's rise to overtake XRP serves as a reminder that long-term success is determined by innovation, network utility and consistent development rather than speculation. For investors and analysts alike, the current reshuffle in the rankings offers valuable insight into how blockchain ecosystems evolve, and how market sentiment rewards those that deliver real-world utility.

In summary, BNB’s rise to third place is not just a temporary market event — it is a testament to strategic innovation, user trust and the strength of the Binance ecosystem. While the broader crypto market navigates cycles of volatility and recovery, BNB continues to shine as a beacon of resilience and growth potential, attracting global investor attention and setting new performance benchmarks within the digital asset industry.