BNB, for its part, is trading today at $590, up 0.9%. This increase is driven primarily by the NFT sales phenomenon, which has exploded on the BNB Smart Chain (BSC).
This is reflected in the market capitalization of BNB, which currently sits at a healthy $82.8 billion. Daily trading volume for BNB is $1.4 billion per day, a testament to dynamic market conditions and enthusiasm among investors.
BNB, the native token of the broader Binance ecosystem, is riding a wave of mild bullish sentiment. This is mainly due to the recent boom of NFT activity on its native BNB Smart Chain.
As a result, BSC has quickly become a powerful player in the NFT world. Daily sales on the BSC network recently hit a jaw-dropping $8.2 million, an all-time high record.
The daily sales on the BSC network skyrocketed by more than 5,000% in the last 24 hours. This increase represents a clear trend of growing investor interest and activity in the BSC NFT ecosystem.
This new record is nearly double the last all-time high of $3.2 million set on January 29, 2024. This has the potential to be a landmark achievement for the platform.
The top NFT sales volume on BSC so far has exceeded $480 million. NFT sales volume rose 66% in the past 24 hours! This surge was part of a record daily total of $21.5 million through all channels, including the first day online.
BNB has a 24-hour volatility of 0.6% and a market cap of $85.94 billion. The current boom in BSC-based NFTs has added to a moderate bullish sentiment surrounding BNB.
