BNB Nears Surpassing XRP and USDT in Market Cap
In early October 2025, Binance's native token BNB has surged impressively, hitting new all-time highs and approaching a flip of both XRP and USDT in market capitalization, though it hasn't fully surpassed them according to major trackers like CoinMarketCap.
As of October 7, BNB's market cap is approximately $172.78 billion with a price of $1,241.39, trailing XRP at $177.94 billion ($2.97 price) and USDT at $177.5 billion ($1.00 price), while Bitcoin leads at $2.47 trillion ($123,994.71) and Ethereum at $563.96 billion ($4,672.31). The total crypto market cap stands at $4.25 trillion.
What is BNB?
BNB, or Binance Coin, is the utility token launched in 2017 by Binance, the world's largest crypto exchange. It powers low-fee transactions on the BNB Chain, enables DeFi, NFTs, staking, and features a token burn mechanism that reduces supply to support price growth.
Since launch, BNB has grown exponentially, reaching an all-time high of $1,241.39 on October 7, 2025, marking over a 1,274,608% increase from its all-time low.
What Influenced This to Happen?
BNB's rally aligns with "Uptober," the cryptocurrency market's seasonal bull phase, driven by Bitcoin's climb toward $125,000 and investor FOMO.
Key Factors Include:
- A broader bullish market with institutional inflows and dollar weakness, elevating the total crypto cap to $4.25 trillion — Binance Market Update
- BNB-specific drivers such as its ATH price above $1,240, surging on-chain activity (e.g., millions of active addresses and TVL growth in DeFi protocols), ongoing token burns, and institutional interest from entities like Jiuzi Holdings — CoinDesk
- Analysts note Binance's expansive ecosystem outperforms XRP's payments-focused utility in driving demand — Crypto Adventure
- Forecasts suggest BNB could hit $2,000 by year-end, potentially overtaking ETH if trends continue — FX Empire
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