XRP Surpasses Ethereum, Redefining Market Leadership

XRP has made a historic move by surpassing Ethereum to become the FDV leader among cryptocurrencies, reaching $250 billion. XRP becomes the dominant altcoin by surpassing veteran competitors like BNB, Solana, and Cardano in the fully diluted valuation space.

> XRP flips Ethereum in FDV
> XRP has surged to a $251B fully diluted valuation, surpassing $ETH and nearly tripling the FDV of $BNB, $SOL, and $ADA.
>
> Meanwhile, $SUI and $HYPE have also climbed the ranks, overtaking $XLM, $HBAR, and $AVAX in FDV.
> — CryptoRank.io (@CryptoRank_io) March 20, 2025

XRP Surpasses Ethereum, Redefining Market Leadership

Ethereum (ETH) maintains its status as “the king of smart contracts and decentralized applications”, although its fully diluted value (FDV) stands behind XRP. XRP’s market sentiment has skyrocketed as the coin surpasses Ethereum’s $242 billion FDV. Positive developments for XRP, such as legal SEC victories, rising institutional interest, and broader adoption of cross-border payments, have led to an impressive market rally.

BNB, Solana, and Cardano Maintain Strong Positions

The cryptocurrency market firmly supports XRP and Ethereum holding the lead positions, while Binance Coin (BNB) maintains an FDV of $92.8 billion. BNB continues to lead in the Binance Smart Chain (BSC) by enabling users to launch tokens and build DeFi applications and NFTs.

Solana (SOL) maintains an FDV of $79.7 billion due to its renowned blockchain processing speed. Despite experiencing brief network outages, Solana remains relevant due to its success in NFT marketplaces, GameFi projects, and DeFi protocols.

Cardano (ADA), with a proof-of-stake system and research-driven approach, maintains an FDV of $33.1 billion, attracting developers and long-term investors through its scalability and smart contract capabilities.

Dogecoin Leads Meme Coins, Sui and Hyperliquid Gain Momentum

Dogecoin (DOGE) leads all meme cryptocurrencies with a $25.95 billion FDV, remaining the largest non-stablecoin asset in the meme coin segment, bolstered by community backing and celebrity validation.

Tokens Sui (SUI) and Hyperliquid (HYPE) have advanced, surpassing established tokens Stellar (XLM), Hedera (HBAR), and Avalanche (AVAX). Sui, with a total value of $24.8 billion, reflects growing interest in scalable Layer-1 blockchain solutions. Hyperliquid represents $14.98 billion in FDV, indicating strong adoption in the DeFi space.

Chainlink, TRON, and Toncoin Hold Their Ground

Chainlink (LINK) remains a vital blockchain oracle participant, boasting an FDV of $14.67 billion. The $21.82 billion FDV of TRON (TRX) showcases its dominance in the entertainment-focused blockchain sector through stablecoin transfer operations. Toncoin (TON) reaches an $18.67 billion market FDV, attributed to its success in blockchain-based social finance and decentralized application development.

Conclusion

XRP’s success in surpassing Ethereum marks a key turning point in the cryptocurrency landscape. Its continuous rise may attract new institutional investors, significantly impacting the dominance of major cryptocurrency assets.