- BNB Chain launched multiple new projects in different spaces such as DeFi, GameFi, etc
- The blockchain’s daily active addresses were only second to Tron’s, but the future may be different
BNB chain [BNB] witnessed a major uptick in its NFT ecosystem, which looked promising. Not only that, but BNB has also recently published a blog highlighting multiple new projects that have been launched in the chain that could contribute to further growth in the coming months.
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BNB’s NFT ecosystem flourished
According to CRYPTOSLAM, the number of NFT buyers has increased by more than 100% in the past 24 hours. In addition, the number of transactions and sellers also increased by almost 20%. The total sales volume also shot up by almost 10% in the past day.
Source: CRYPTOSLAM
Santiment’s chart revealed that while the total number of NFT transactions fell slightly, they were relatively high over the past week. The total NFT trading volume was also up.
All datasets indicated that BNB’s NFT ecosystem has made commendable progress in recent days.
Source: Sentiment
BNB Chain is taking on new projects
BNB recently revealed that several new projects have been launched in the chain in recent days. The list was quite extensive and could have a greater impact on the BNB ecosystem over time.
Are these projects future superstars on BNB Chain?
Read on for our weekly blog that lists the latest dApps launching on our network.
Let us know in the comments who else should join BNB Chain…https://t.co/kivZasHCF7
— BNB Chain (@BNBCHAIN) May 26, 2023
BNB mentioned a new project called Cyber Titans. It is a new Gamefi project, a strategy web3 video game in the car chess genre. It is the first e-sports game launched on the BNB Chain and offers high-quality game content for users.
BNB also cited Bidao’s launch in the DeFi space. With the launch, the BNB token became a supported token to use as collateral within Bidao’s DeFi ecosystem. Apart from this, there are some other projects including DanceFit, Fitburn, Popcorn, GPTVerse, Crossmint and many more.
A wider impact can be huge
BNB currently has an increasing number of daily active users. According to Token Terminal, BNB was only behind Tron [TRX] on the list of active users. However, given the number of newly launched projects and the value they add, the possibility of BNB Overtaking Tron in the coming months cannot be ruled out.
Source: Token Terminal
How many Worth 1,10,100 BNBs today
A look at the state of BNB
The price of BNB did not move much last week. According to CoinMarketCap, the price of BNB was only down less than 1% in the past seven days. At the time of writing, it was trading at $306.28 with a market cap of over $47 billion.
The week ahead could bring better news, as suggested by a few statistics. The token’s MVRV ratio recovered significantly, which was bullish. In addition, after a sharp decline, BNBSpeed also gained upward momentum.
Source: Sentiment
