The non-fungible token market has retested a short market rally, skyrocketing the daily trading sales volume back to the past $20 million. The recent NFT market appears to have been fueled by the surge in BNB Chain-based non-fungible token collections. In the past 24 hours, the BNB Chain NFT collections have raised a trading sales volume of $9.3 million, up 4,000% from the past day.
BNB Chain Tops NFT Market Chart
Data compiled by cryptoslam.io, an on-chain crypto market data aggregator and multi-chain non-fungible token collection explorer, shows that the NFT market has recorded negative gains again today. In the past 24 hours, the global NFT market has amassed a trading sales volume of $22 million. During this time, the global NFT market sales volume rose 72% from the previous day.
BNB Chain, a blockchain ecosystem created and designed by the American crypto Exchange Binance to support non-fungible tokens, decentralized applications, and other blockchain-based innovations, is today’s most traded blockchain network in the NFT market. In the past 24 hours, the BNB Chain NFT collections have recorded a trading sales volume of $9.3 million. During this period, the BNB Chain NFT sales volume surged by 4,242%.
Polygon, a renowned Ethereum scaling solution blockchain network, is today’s second most-traded blockchain network. In the past 24 hours, the Polygon-based NFT collections have amassed a trading sales volume of $3.2 million. During this period, the Polygon NFT trading sales volume has plunged by 2.63% from the past day. Polygon has overtaken Ethereum in trading sales volume.
Ethereum, the blockchain network renowned in the NFT market for powering the majority of NFTs, is today’s third 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 $3.0 million. During this time, the Ethereum NFT trading sales volume surged 7.91% 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 $ 2.1 million. During this time, Bitcoin’s NFT trading sales volume surged by 10.62% from the previous day.
Mythos Chain, the blockchain network ensuring secure and efficient transactions in the Mythos gaming ecosystem, is today’s fifth most-traded blockchain network in the global NFT market. In the past 24 hours, the Mythos Chain-based NFT collections have raised a trading sales volume of $2 million. During this time, the Mythos Chain NFT sales volume surged 7.7% from the previous day.
Factors Fueling BNB Chain NFT Growth
BNB Chain’s sudden surge in the NFT market is associated with the Inbum NFT collection, which has contributed more than 80% of the total daily NFT sales volume. In the past 24 hours, the Inbum NFT collection has raised a trading sales volume of $9.06 million, becoming the most-selling NFT collection in the NFT market. Inbum NFT collection is followed by Courtyard NFT collection, which amassed a trading sales volume of just $2.9 million.
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