BNB Chains’ Vesting NFTs Top The Daily NFT Market Chart

The global non-fungible token market has recorded positive growth today, marked by a massive surge in trading sales volume. For the first time in two weeks, the daily non-fungible token trading sales volume has climbed back above $20 million level. In the past 24 hours, NFT trading sales volume has amassed a trading sales volume of $24 million, up 34% from the previous day.

BNB Chain Tops NFT Market Chart

Data compiled by cryptoslam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token collection explorer tracking non-fungible token collections from +20 blockchains, shows that the global NFT market has recorded a positive increase in trading sales volume. In the past 24 hours, the global NFT market has amassed a trading sales volume of $24 million. During this period, the daily NFT sales volume has surged by 34% from the previous day.

Ethereum, the blockchain network renowned in the global NFT market for powering the majority of NFTs, is today’s most-traded blockchain network in the global NFT market. In the past 24 hours, the Ethereum-based NFT collections have amassed a trading sales volume of $7 million. During this time, the Ethereum NFT trading sales volume reduced by 0.24% from the previous day.

BNB Chain, a blockchain ecosystem created and designed by the crypto exchange “Binance” to support non-fungible tokens, decentralized applications, and other blockchain-based innovations, is today’s second most traded blockchain network in the global NFT market. In the past 24 hours, the BNB Chain NFTs have raised a trading sales volume of $7.2 million. During this time, the BNB Chain NFT sales volume surged by 628%.

Base, an Ethereum Layer-2 blockchain network designed to create, trade, and manage NFTs while offering low gas fees, fast transactions, and enhanced security, is today’s third most traded chain in the NFT market. In the past 24 hours, the Base NFT collections have amassed a trading sales volume of $2.8 million. During this time, the Base NFT trading sales volume has fallen by 21% from the previous day.

Mythos Chain, the blockchain network offering secure and efficient transactions in the Mythos NFT gaming ecosystem, is today’s fourth most-traded blockchain network in the NFT market. In the past 24 hours, the Mythos Chain-based NFT collections have raised a trading sales volume of $1.7 million. During this time, the Mythos Chain NFT trading sales volume has surged 6% from the previous day.

Bitcoin, the blockchain network renowned in the NFT market for powering the popular Ordinals and BRC-20 NFT collections, is today’s fourth most-traded blockchain in the NFT market. In the past 24 hours, the Bitcoin-based NFT series has recorded a trading sales volume of $1.2 million. During this time, the Bitcoin NFT trading sales volume surged by 40% from the previous day.

Factors Fueling BNB Chain NFT Growth

BNB Chain’s sudden surge in the NFT market is associated with the Vesting NFT series, which has contributed more than 80% of the total daily NFT sales volume. In the past 24 hours, the Vesting NFT collection has raised a trading sales volume of $5.8 million, becoming the most-selling NFT collection in the NFT market. Vesting NFT collection is followed by Dx Terminal NFT collection, which amassed a trading sales volume of $2.2 million.

Vesting NFTs are non-fungible tokens that are used to represent a claim on an asset that is locked for a predetermined period. Instead of the digital asset being released directly, the NFT serves as a tradable receipt for the underlying tokens. The entire NFT process is automated through smart contracts on the blockchain. Vesting NFTs give early investors a way to achieve partial liquidity for their locked assets.

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