Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
BNB hits new all-time high amid rising memecoin activities; surpasses XRP in market value

BNB hits new all-time high amid rising memecoin activities; surpasses XRP in market value

CryptoSlateCryptoSlate2025/10/07 15:51
By:Oluwapelumi Adejumo

BNB, the native token of Binance’s BNB Chain, has reclaimed the spotlight after soaring to a new all-time high, cementing its position as the world’s third-largest crypto by market capitalization.

Data from CryptoSlate shows that BNB reached a record high of $1,335 on Oct. 7, before slightly retracing to around $1,306 as of press time.

The token has remained up more than 6% in the past 24 hours, making it one of the market’s top performers during the day. Over the past week, BNB has gained nearly 30%, extending its monthly rally to roughly 50%.

That surge allowed BNB to overtake XRP in total market value. As of press time, BNB’s capitalization stands at $182.6 billion, surpassing XRP’s $178 billion.

BNB hits new all-time high amid rising memecoin activities; surpasses XRP in market value image 0 Top 10 Crypto by Market Capitalization. (Source: Cryptorank)

The token now trails only Bitcoin and Ethereum in global rankings, representing about 32% of ETH’s $568 billion market cap.

BNB’s growing utility

BNB’s latest rally reflects more than market enthusiasm as it mirrors the digital asset’s expanding utility and network activity across the BNB Chain ecosystem.

Decentralized exchanges such as Aster have seen sharp increases in trading volumes, boosting demand for BNB as the chain’s core gas and governance token.

According to DefiLlama data, BNB Chain’s total value locked (TVL) has grown more than 7% in the past 24 hours, reaching roughly $4.5 billion. During the same period, network fees totaled $4.51 million, while protocol revenue climbed to $2.23 million.

BNB hits new all-time high amid rising memecoin activities; surpasses XRP in market value image 1 Binance Smart Chain (BSC) DeFi Ecosystem. (Source: DeFiLlama)

Moreover, the active addresses on BNB Chain have also surged, with over 73 million recorded in September and 15 million already logged this month.

Venture capital firm YZi Labs noted that BNB’s fundamentals remain “built for mass adoption,” pointing to several key catalysts behind its post-ATH performance.

According to the firm, this includes expanding on-chain momentum, broad staking utility, deflationary tokenomics through dual burn mechanisms, and low transaction costs following the Maxwell hard fork.

It added that institutional players have also begun integrating BNB for treasury and liquidity management, signaling a deeper layer of adoption.

Memecoin momentum

BNB’s rally has coincided with a renewed wave of speculative trading on the blockchain network.

Blockchain analytics platform Bubblemaps reported a sharp uptick in memecoin activity, describing the ongoing “BNB memecoin season” as one of the most profitable in recent cycles.

According to the firm, over 100,000 on-chain traders participated in new token launches, with about 70% posting profits.

BNB hits new all-time high amid rising memecoin activities; surpasses XRP in market value image 2 BNB Memecoin Season (Source: Bubblemaps)

Some of the top-performing projects include the $4 memecoin, Binance Life, and PALU, which saw dozens of early traders earn between $100,000 and $1 million in gains.

This influx of retail speculation and capital movement to the network has created a perfect storm for BNB’s momentum — reinforcing its role as both a utility token and a bellwether for broader activity on Binance’s blockchain.

The post BNB hits new all-time high amid rising memecoin activities; surpasses XRP in market value appeared first on CryptoSlate.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

21 New Crypto ETFs Filed in October Amid Uncertainty

October sees 21 new crypto ETF filings in the U.S., showing market optimism despite regulatory challenges.Regulatory and Political Roadblocks RemainA Sign of Institutional Confidence?

Coinomedia2025/10/11 04:12
21 New Crypto ETFs Filed in October Amid Uncertainty

$7.5B Liquidated in Crypto in Just 1 Hour

Over $7.5 billion was wiped out from crypto markets in 60 minutes, sparking panic and heavy losses.Leverage Plays Backfire on TradersMarket Sentiment and What Comes Next

Coinomedia2025/10/11 04:12
$7.5B Liquidated in Crypto in Just 1 Hour