BNB’s surge past $1,300 pushed it ahead of XRP in market cap, driven by record onchain activity, memecoin trading, and fresh institutional inflows.
Posted October 8, 2025 at 9:44 am EST.
BNB Chain’s native token BNB has flipped XRP to become the third-largest cryptocurrency by market capitalization.
BNB claimed its new rank after rallying 31% in the last week and hitting a new record high of $1,336 on Tuesday.
The rally comes amid heightened activity on BNB Chain, with the network’s monthly active addresses growing to 57.8 million, outpacing Solana’s 38.5 million active addresses over the same period.
Binance founder Changpeng Zhao’s family office YZi Labs attributed this growth to growing onchain engagements from projects like Aster, the fast-growing decentralized exchange that has faced scrutiny over alleged artificially inflated trading volumes.
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Some of that activity was likely driven by memecoins. Onchain analytics platform Bubblemaps noted that over 100,000 onchain traders bought into new BNB-based memecoins, and 70% of them are in profit.
BNB also had another positive catalyst on Tuesday in the form of a digital asset treasury purchase. CEA Industries announced that it now holds 480,000 BNB tokens, taking its total value of crypto and cash to $663 million.
In related news, YZi Labs launched a $1 billion fund to back BNB Chain projects in fields like artificial intelligence, finance, and biotech, positioning the network as a hub for open and community-owned innovation.
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