BNB’s market capitalization surged to $177.97 billion, surpassing Tether (USDT) at $177.55 billion, according to CoinGecko.
The token rallied 4.7% in 24 hours, reaching an intraday high of $1,275.66 — its strongest performance in months.
The BNB Chain saw record network activity, with total value locked (TVL) on the Aster Protocol rising 570% to $2.34 billion.
Institutional demand and ecosystem upgrades continue to fuel BNB’s rise as the broader crypto market surpasses $4.23 trillion in total capitalization.
BNB has overtaken XRP to become the third-largest cryptocurrency by market capitalization, data from CoinGecko shows.
As of October 7, BNB’s market value stands at $177.97 billion, narrowly exceeding XRP’s $177.9 billion. The milestone came as BNB’s price climbed 4.71% in the past 24 hours to $1,275.66, driven by a surge in trading activity, institutional inflows, and expanding on-chain participation.