BNB Chain’s sales volumes of non-fungible tokens have jumped by 1,109% to close February at about $1.14 million in what is attributed to a surge in NFT marketplaces.
The respective sale volumes between March 18 and 20 rose to about $1.21 million compared to $94,325 in January.
Mobox, NFTrade, and Treasureland are some of the NFT marketplaces with the most sales on the Chain, with the top ten NFTs coming from Mobox.
Mobox has seen an increase in unique buyers who have jumped to overall 1,785 on the chain, contributing to a positive trend.
The jump in the BNB NFT sale has not had any significant impact on Binance’s native token BNB. The token is currently trading around $400 down compared to a high of $533 on January 22.
BNB Chain, formally called Binance Smart Chain, is a blockchain platform unveiled by Binance in 2020 to take on Ethereum. The protocol features decentralized exchanges, crypto wallets, NFTs, and stablecoins.