On-chain activity surged with 4.9M daily transactions and 22% rise in active addresses.
BNB has formally taken the third place of the largest cryptocurrencies in terms of market capitalization below XRP. The Binance-supported token has been surged following a hectic week of on-chain trades that resulted in more than 1.4 million in transaction fees in 24 hours, according to the post of MintScope on October 8, 2025.
CoinMarketCap information indicates that BNB has been increasing its market cap to about 182.6 billion, surpassing the market cap of XRP of 178 billion. The BNB Chain has increased by 30 percent a week and 50 percent in the last month, making it solidly in the position to follow after Bitcoin and Ethereum. It was a catalyst to the rapid network activity and on-chain fee spikes, and traders capitalized on the hype haste. Memecoin-based trading frenzy The amount of fresh tokens launched on BNB Chain rose by 18 per cent within two days.
BNB Chain is not a force solely by hype. In recent months, the ecosystem of the network has grown at a fast rate, backing more than 4,000 operational dApps in DeFi, NFTs, and gaming. PancakeSwap and Hooked Protocol remain the major projects that control usage metrics.
Total value locked (TVL) in BNB Chain increased 27% in the last quarter to reach a level of 6.2 billion as per DefiLlama. This week the network handled more than 4.9 million transactions every day, which is approximately three times more than Ethereum. The developers are complimentary of its scalability and minimal fees when it comes to issues on centralization.
XRP that was ranked third since 2023 is currently ranked on the fourth position after being overtaken by BNB, as a result of its rampant. The decrease occurs against the background of decreasing institutional flows and persistent ambiguity regarding the regulatory position of Ripple in the United States.
Kaiko Analytics show that the XRP trading volume decreased by 14 percent in the course of the week, in terms of major exchanges, and the amount of open interest in XRP derivatives decreased by 9 percent. Analysts say one of the reasons is that the investors have shifted their capital to more active ecosystems such as BNB Chain and Solana. Market observers perceive the walk of BNB as having both organic growth and speculative maniac. The elements of BNB are becoming more stable, whereas the hype around meme coins is inflating short-term profits, according to Clara Chen, senior analyst at CryptoQuant.
With the current momentum, BNB will end October with a market cap of over 190 billion. Analysts however, caution about the possibility of correcting the situation after the meme season is over. XRP, in its turn, might pick up again as far as institutional relationships of Ripple gain traction by the end of 2025.
