BNB overtakes giants SoftBank and Strategy in terms of market capitalization

On July 28, the price of BNB exceeded $850 for the first time, setting a new historical maximum. According to 8marketcap, as of July 29, the token took 188th place in the global ranking of companies by capitalization, surpassing SoftBank, Strategy and Interactive Brokers and approaching Nike.

Over the past week, the asset has risen in price by 9% and consolidated in the top five largest cryptocurrencies by market value, according to data from CoinMarketCap. According to Binance Research, the main driver was institutional investment.

New entrants include Nano Labs, which increased its reserves to $108 million after buying 128,000 BNB; Windtree Therapeutics, which entered into a $60 million agreement; and Liminatus, which plans to invest up to $500 million in the token.

Real-world implementations have also contributed to the growing interest. In early July, the government of Bhutan, together with DK Bank, launched Binance Pay, a service that allows tourists to pay for airline tickets, hotels and services in bitcoin, BNB and other cryptocurrencies.

Analysts at Binance Research note that the value of the token supports its widespread use in both centralized and decentralized services. The asset shows steady demand on the spot market.

An additional growth driver was BNB Chain’s recently published roadmap to 2026, which includes expansion of the network infrastructure and new services for users and developers.