BNB Chain Leads NFT Market with Daily Sales of $8.2 Million
Investor interest in non-fungible tokens (NFTs) is growing, with the BNB Smart Chain outperforming Ethereum and Polygon.
- Daily NFT sales volume increased by 66%, reaching $21.5 million.
- Number of buyers rose by 9% to over 47,000; sellers declined by 11% to 27,500.
- BSC daily sales surged over 5,000% to $8.2 million, setting a new all-time high since January 2024.
- Polygon and Ethereum recorded $3.2 million and $2.8 million in trading volume, respectively.
- Total NFT sales on BSC reached $480 million, but it remains significantly lower than Ethereum's $45.5 billion total.
- The NFT sector has struggled for three years, with diminished investor interest since May 2022.
- There have been few significant catalysts for growth and adoption in the NFT space.
BNB Price Overview
BNB, the native token of the Binance ecosystem, gained 0.9%, trading at $590 with a market cap of $82.8 billion and daily trading volume of $1.4 billion.