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2024-11-08 05:52:55
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cointelegraph.com11 on Nostr: The BNB Chain saw a resurgence in NFT trading volumes in the third quarter, with a ...


The BNB Chain saw a resurgence in NFT trading volumes in the third quarter, with a daily average of $600,400. However, the average daily buyers decreased by 53% quarter-on-quarter, indicating that large users, or 'whales', were driving the activity. The total value locked on the BNB Chain increased 2.2% to $4.8 billion, with Algorithmic money market protocol Venus Finance being the biggest contributor. The BNB Chain also unveiled a new real-world asset tokenization service, which aims to reduce the cost and time needed to tokenize assets.

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NFT trading volume on BNB Chain increased 283% quarter-on-quarter in Q3, driven by whales as average daily buyers fell over 50%, according to Messari.
https://cointelegraph.com/news/nfts-resurge-bnb-chain-increasing-283-percent-messari

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