Investor interest in NFTs is heating up again—and this time, BNB Smart Chain (BSC) is leading the charge. The network just surpassed Ethereum and Polygon in daily NFT trading volume.
📈 Daily NFT Sales Jump 66%
According to data from CryptoSlam, global daily NFT sales surged 66%, reaching $21.5 million. This growth was matched by a 9% increase in buyers, pushing the total above 47,000. Interestingly, the number of sellers dropped by 11%, totaling 27,500.
🔥 BSC NFT Volume Spikes Over 5,000%
In the past 24 hours, BSC NFT sales skyrocketed by more than 5,000%, hitting $8.2 million in volume. This marks a new all-time high, surpassing its previous record of $3.2 million set back on Jan. 29, 2024.
For comparison:
- Polygon saw $3.2 million in NFT volume
- Ethereum recorded $2.8 million
This brings BSC’s total NFT volume to $480 million to date. While still far from Ethereum’s $45.5 billion, it’s a clear sign of momentum shifting—at least in the short term.
💡 NFTs Still Lack Real-World Utility
Despite this recent spike, the NFT market has struggled since its 2022 peak. On May 1, 2022, daily NFT sales hit an all-time high of $580 million. But interest has been fading due to the lack of strong use cases and meaningful adoption.
Although occasional rebounds like this week’s surge happen, the sector still lacks a major catalyst or real-world integration to drive long-term growth.
📌 BNB Token Reacts to NFT Buzz
This upswing in BSC NFTs brought a slight boost to BNB, the native token of the Binance ecosystem.
- BNB price rose 0.9%
- Currently trading at $590
- Market cap: $82.8 billion
- 24-hour volume: $1.4 billion
Although modest, the movement suggests renewed optimism among traders.
🚀 Final Thoughts
While the broader NFT space still faces challenges, BNB Smart Chain’s breakout in trading volume is worth watching. If this momentum continues—and if real utility follows—it could mark the beginning of a new phase for digital collectibles.
