DJ Khaled, Chance the Rapper Earn First No. 1 with 'I'm the One'

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DJ Khaled and Chance the Rapper have earned their first No. 1 with the newly released collaboration "I'm the One," which has crowned the U.S. charts.

According to Nielsen Music, the star-studded track sold 171,000 downloads and was streamed 53.9 million times in the tracking week ending on May 4, easily locking up the top spot on the Billboard Hot 100.

The song's ranking marks the first time a song featuring five solo artists—Khaled, Chance, Migos' Quavo, Justin Bieber and Lil Wayne—has reached No. 1. While Migos has been to the top before with "Bad and Boujee," this is Quavo's first on his own.

"I'm the One" also bumps Bruno Mars' "That's What I Like" after a week at No. 1 on the Hot 100.