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.
Non-fungible tokens trading volumes on the BNB Chain saw a resurgence in the third quarter, increasing 283% to a daily average of $600,400, according to blockchain analytics firm Messari.
The average daily sales also increased, up 47% quarter-on-quarter to 8,900, according to Messari’s Research Manager “AJC.”
“However, average daily buyers were down 53% QoQ to 2,300, signaling that NFT activity in Q3 was driven by ‘whales’ rather than small users,” the Nov. 7 report stated.
