BNB, the native token powering the Binance Smart Chain ecosystem, has surpassed XRP to become the third largest cryptocurrency by market value today.

BNB has been gaining momentum against XRP in recent months, with the Binance-native token benefiting from increased activity in decentralized exchange operations and broader ecosystem adoption.

XRP currently faces competitive pressure from rivals like BNB while market participants await potential regulatory developments. Discussions around possible ETF approval for XRP continue, which could alter market dynamics and impact its positioning relative to other major crypto assets.

The shift places BNB behind only Bitcoin and Ethereum in terms of total market value among crypto assets.