$BNB Overtakes
$XRP To Claim Third Spot in Crypto Rankings
$BNB has secured its position as the third-largest cryptocurrency by market capitalization, surpassing
$XRP in a notable milestone for the BNB Chain ecosystem. The native token of the Binance-developed layer-1 blockchain reached $1,326 at the time of reporting, marking a nearly 30% increase over seven days.
The #digital asset now commands a market capitalization of $182 billion, placing it behind only
$BTC and
$ETH in the global crypto hierarchy. This achievement follows
$BNB breaking above the $1100 threshold for the first time on Friday, setting the stage for its climb past
$XRP on Tuesday.
BNB Chain's growing adoption across various regions has accompanied this price surge. Kazakhstan recently launched a government-backed
$BNB fund, highlighting institutional interest in the #blockchain platform. The token's rise comes as BNB Chain reports 60 million monthly active addresses, demonstrating strong network activity.
