BNB News Today: BNB Chain's 58M Active Addresses Power Token's Surge Past XRP in Market Cap

BNB's record-breaking rally to $1,322 has propelled it past XRP to become the third-largest cryptocurrency by market capitalization, according to multiple data sources. The token's price surged 6.3% in the past 24 hours and 26.5% over the last seven days, pushing its total market value to $182.6 billion. This outperformance was driven by robust on-chain activity on the BNB Chain, which reported 58 million monthly active addresses-surpassing Solana and Ethereum. The growth was fueled by decentralized exchange Aster, which saw its total value locked (TVL) increase by 570% to $2.4 billion in just a month BNB Overtakes XRP After Price Rises Above $1,290^[1].

The BNB Chain's expanding utility and network activity have been critical to the token's ascent. Institutional demand has also surged, with a Nasdaq-listed company recently announcing a crypto treasury strategy focused on BNB. The token's deflationary mechanisms, including dual burn processes, and low transaction fees post-"Maxwell" hard fork have further bolstered its appeal. Analysts at YZi Labs noted that BNB's fundamentals are "built for mass adoption," citing its growing staking utility, expanding on-chain momentum, and institutional adoption BNB Hits New All-Time High Amid Rising Meme Coin Activities Surpasses XRP in Market Value^[2].

Meanwhile, XRP's market capitalization has dipped to $178 billion as it faces short-term volatility. The token retreated 0.6% in the past day to $2.98, narrowing its weekly gain to 4.3%. However, Coinglass reported a $12.77 million net inflow into XRP markets on October 7, signaling cautious optimism. Analysts suggest XRP could test $3.10 as a key resistance level, with further gains contingent on sustained buyer participation BNB Overtakes XRP After Price Rises Above $1,290^[1].

The BNB rally has also driven demand for cloud mining and blockchain infrastructure services. UK-based NB HASH, a global cloud mining platform, has capitalized on the renewed investor interest in BNB and XRP. The platform reported over 10 million users across 180 countries and launched an "XRP Cloud Mining Program" to cater to token holders. Users can now mine XRP with low entry barriers, flexible contracts, and daily rewards distributed automatically. NB HASH's spokesperson highlighted that the recent market recovery has "renewed user confidence in hash power investment," positioning the platform as a core infrastructure provider in the Web3 economy BNB Hits $1,350 Record as Chain Activity Surges Past Solana^[5].

BNB's price trajectory has sparked bullish forecasts. Some analysts, including Crypto King and BitBull, predict the token could target $2,000 in this cycle, supported by its growing ecosystem and macroeconomic tailwinds. The Federal Reserve's rate-cut expectations and Bitcoin's rally have further bolstered risk-on sentiment, with BNB outperforming the broader market as measured by the CoinDesk 20 (CD20) index .

The BNB Chain's resurgence as the most active blockchain by user count underscores its competitive edge. With both Layer 1 and Layer 2 networks experiencing significant growth-OpBNB's active addresses rose 66.4% in September-the platform is solidifying its position as a hub for decentralized finance and real-world asset tokenization. Analysts attribute this success to Binance's strategic investments in scalability and security, as well as the viral momentum of projects like Aster .