Emre Yumlu 
Binance Coin (BNB) has overtaken XRP in market capitalization, securing the third spot among the largest cryptocurrencies. This move places BNB right behind Bitcoin (BTC) and Ethereum (ETH), further solidifying its importance in the digital asset space.
Current Top 5 Cryptocurrencies by Market Value
Based on the latest data, here’s how the top five cryptocurrencies are ranked:
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Bitcoin (BTC) – Price: $124,326.38 | Market Cap: $2.47 trillion
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Ethereum (ETH) – Price: $4,689.69 | Market Cap: $566 billion
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Binance Coin (BNB) – Price: $1,282.09 | Market Cap: $178.44 billion
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XRP (XRP) – Price: $2.97 | Market Cap: $178.14 billion
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Tether (USDT) – Price: $1.00 | Market Cap: $177.52 billion
BNB edged past XRP by a narrow margin, a development that has quickly caught the attention of traders and long-term investors alike.
Why Is BNB Rising?
1. Surge in Network Activity
BNB Chain’s on-chain performance has shown significant strength. Active monthly addresses reached 60 million — a 200% increase compared to January 2025. Meanwhile, the chain’s Total Value Locked (TVL) climbed to $8.69 billion, marking its highest level since the Terra collapse.
In addition, open interest in BNB futures markets has expanded to $2.57 billion, suggesting that leveraged long positions are fueling upward momentum.
2. Institutional Demand and ETF Progress
Institutional participation has also played a key role in boosting BNB’s market position. Black Titan Corporation (Nasdaq) announced that it would add BNB to its corporate treasury, signaling confidence in the asset’s long-term value.
Meanwhile, VanEck’s spot BNB ETF application is reportedly making progress, further amplifying investor enthusiasm. Adding to this, BNB Network Company is holding 418,888 BNB (valued at around $538 million) in its strategic reserves.
Binance Coin (BNB) Price Outlook
At the time of writing, BNB is trading at $1,283.28, reflecting a 5.22% daily gain. On a weekly basis, the token has surged 27.23%, while its year-over-year performance shows an impressive 126.51% increase.
Maintaining its newly secured third-place position will depend on two key factors: sustained on-chain growth and continued institutional adoption.
If BNB’s TVL remains above the $8.5 billion threshold and the ETF approval process advances positively, the coin could see further upward momentum in the coming months.
Disclaimer: This article does not constitute investment advice. Always conduct your own research before making financial decisions.
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