BNB Surpasses USDT, XRP, Becomes 3rd Largest Crypto by Market Cap
Key Highlights:
- BNB hits the $1,300 mark for the first time ever today, October 7, 2025.
- BNB has now become the third largest cryptocurrency by market capitalization.
- This surge is driven by institutional adoption and ETF boost.
Binance Coin’s (BNB) market capitalization has overtaken Tether (USDT) and XRP to become the third-largest cryptocurrency. The token also managed to hit the $1,300 mark today, October 7, 2025. According to CoinMarketCap, the BNB’s total value has reached a record of $180 billion, its highest level ever, surpassing XRP, which currently holds around $178 billion, while USDT holds $177.5 billion in market capitalization. This achievement places BNB with other major multinational companies and it indicates how far the token has come.
This achievement is a clear indication that the investor confidence in Binance ecosystem is growing. According to various analysts, the recent price rise can be linked to institutional buying, deflationary tokenomics, and speculation about possible BNB-focused ETFs.
At press time, the price of the token stands at $1290.61 with an uptick of 5.91% in the last 24 hours as per CoinMarketCap.
Institutional Adoption Drives BNB’s Structural Demand
BNB’s rise to a new all-time-high is being supported by institutional buying and corporate treasury use. Black Titan Corporation (Nasdaq) has added BNB to its reserves, joining Nano Labs with $108 million in BNB and Windtree Therapeutics with a $520 million stake. These steps are in line with the sovereign investments from Bhutan and assets manager VanEck, making BNB a growing reserve asset. This shift is also a reminder of the token’s role in Binance’s network and its value as a scarce digital asset.
The other thing that has to be kept in mind is BNB’s deflationary setup. This setup is the key to growth. With 32 token burns completed, the supply has been reduced down to 139 million BNB. This process supports long-term price strength and keeps investors confident during the market upswings.
Moreover, more than 60% of BNB’s supply is now in long-term wallets and institutions. This reduces the liquid supply of the tokens and adds an upward pressure on the price as well. Analysts expect Q3 2025 earnings to confirm more corporate holdings, which could increase the demand further.
ETF Momentum Boosts Market Sentiment
Another source of optimism and positive sentiment is the speculation around the BNB ETF. VanEck’s proposal has gained weight after Franklin Templeton, a well-known asset manager that manages $1.6 trillion in assets, linked its management platforms with the BNB Chain. If this is approved, it could attract large institutional inflows, lifting both price and market cap beyond current records.
Meanwhile, the ongoing U.S. government shutdown has also added to demand for safe-haven assets. The mix of economic uncertainty and tight liquidity has pushed both crypto and gold both to record highs at the same time. Still, liquidity data shows some risk. BNB has a 24-hour turnover ratio of 0.0361, which is is lower than Bitcoin’s 0.04. This data points out towards a less active trading depth. Limited liquidity can also speed up gains during rallies but also raises the chance of sharp swings if ETF sentiment or wider macro factors turn negative.
The Road Ahead
BNB has reached a market value that puts it 125th among all assets in the world, making it a major financial asset. This also puts it on the same level as big companies and important commodities. This is impressive because the token was actually made to give Binance users lower trading fees.
For investors, BNB is attractive because it has ways to reduce supply over time, it is being adopted by the institutions, and useful in the real world. Its future growth will be dependent on regulatory approvals, company disclosures and overall stability of the crypto market.
