J Balvin, 2017

J Balvin performs at Miami Bash 2017 at American Airlines Arena on April 23, 2017 in Miami. 

John Parra/Getty Images

J Balvin and Willy William’s “Mi Gente” has reached the No. 1 spot on Spotify’s global chart, replacing Luis Fonsi and Daddy Yankee’s “Despacito,” featuring Justin Bieber, which spent 14 weeks at the top and now drops to No. 2.

“Mi Gente” reached 4.3 millions streams on Tuesday (Aug. 1) and becomes the first fully Spanish song to be the top of the chart.

“We are making music for the human race and even beings from other galaxies are welcome to vibe with us,” Balvin said of the song's global popularity.

Willy William added: "For a French producer to make it to the very top of the Spotify global chart in just 4 weeks is a magical feeling. I am so thankful that 'Mi Gente' was able to reach so many people all over the world."

On the Billboard charts, the single -- released just four weeks ago -- has so far peaked at No. 2 on Hot Latin Songs (dated Aug. 5).

“With 'Mi Gente'’s new #1 milestone, it’s safe to say that Latin music is not just having a moment, but solidifying itself through a new wave of genres, styles and cultures,” added Rocio Guerrero, Spotify’s head of Latin culture, shows & editorial.