Non-fungible tokens trading volumes on the BNB Chain experienced a significant increase in the third quarter, rising by 283% to a daily average of $600,400, as reported by blockchain analytics firm Messari. The average daily sales also saw a 47% increase quarter-on-quarter to 8,900. However, the average daily number of buyers decreased by 53% to 2,300, indicating that Q3 NFT activity was driven by larger investors rather than smaller users. Despite the growth, BNB Chain's $55.2 million NFT trading volume in Q3 still lags behind Ethereum and Bitcoin networks. Other metrics like revenue, active addresses, and daily transactions showed mixed results. The total value locked on the BNB Chain increased, with more BNB tokens burned than minted, leading to a deflation rate and price rise. The BNB Chain remains popular for transacting with USDT and using PancakeSwap, with plans for real-world asset tokenization services. Read more AI-generated news on: https://app.chaingpt.org/news

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