BNB News Today: BNB's Surge to Top 3 Driven by Burns, ETF Anticipation, and Network Growth

BNB, the native token of the BNB Chain, has surged to third place in the top 10 cryptocurrency rankings, displacing XRP (4th) and Tether (USDT) (5th) according to CoinMarketCap data. This marks a significant shift in the market capitalization hierarchy, with BNB reaching a record $178.9 billion valuation as of September 2025. The token's price peaked at $1,283 on the Binance USDT spot market, surpassing previous benchmarks and signaling robust institutional and retail demandTop 10 Cryptocurrency Ranking Changes! BNB Launches, Dethroning Established Altcoins!^[1].

The rise of BNB is attributed to a combination of factors, including increased futures trading activity and anticipation of spot ETF applications. Coinglass data reveals that BNB's futures open interest has continued to climb, with short positions hitting record levels in the last hour. Additionally, $1.64 million in short liquidations occurred within the same timeframe, reflecting heightened volatility and speculative positioningTop 10 Cryptocurrency Ranking Changes! BNB Launches, Dethroning Established Altcoins!^[1]. Analysts note that Binance's quarterly token burns-designed to reduce supply-have further fueled bullish momentum, while institutional partnerships, such as Franklin Templeton's collaboration with Binance, have added credibility to the rallyBNB Rallies: Which Altcoins Could Surge Next?^[3].

BNB's dominance is also supported by BNB Chain's growing user metrics. The blockchain's total locked value (TLV) rose to $8.23 billion, while active addresses spiked to 73.24 million in September 2025. Transaction volumes reached 4.34 million in the month, the second-highest since June. These metrics underscore the network's expanding utility and adoption, particularly in decentralized finance (DeFi) and non-fungible token (NFT) ecosystemsBNB sets a new all-time high at $1,111 as user metrics fire up^[4].

The token's price trajectory has been marked by consistent upward momentum. Historical data from September 2025 shows BNB trading as high as $1,050.76 on September 22, with a weekly gain of 17.5% and a 7.4% increase in the last 24 hours. The all-time high of $1,111.90 was reached on September 27, 2025, driven by upgrades to the BNB Chain's gas pricing and block size limits. The network's gas price was reduced to 0.05 gwei, enhancing transaction efficiency, while plans to scale to 20,000 transactions per second with sub-150-millisecond confirmation times highlight long-term infrastructure improvementsBNB sets a new all-time high at $1,111 as user metrics fire up^[4].

Despite BNB's ascent, XRP and USDT face downward pressure. XRP's market capitalization fell to $4th place, while USDT dropped to 5th, reflecting a broader shift in investor sentiment toward utility-driven tokens. Analysts suggest that BNB's ecosystem advantages-including integration with decentralized exchanges (DEXs) like Aster (ASTR) and institutional-grade staking solutions-position it to maintain its position in the top threeBNB Rallies: Which Altcoins Could Surge Next?^[3]. However, challenges remain, including regulatory scrutiny of Binance and potential competition from Ethereum-based Layer 2 projects.