Binance continues to dominate the CEX space. Declining NFT sales and staking trends signal shifts in user interests. Binance, one of the largest centralized crypto exchanges has managed to dominate the CEX space over the last year, according to data provided by Delphi Digital. Despite many crypto users opting for decentralized exchanges after the FTX […]
Additionally, despite a spike in revenue generated by the stakers, the number of stakers of BNB has declined over the last 30 days. According to Staking Rewards, the metric decreased by 1.23% over the last 30 days, despite the revenue increasing by 30% in the same period.The NFT market on Binance has also seen a decrease in volume over the last few months. According to Dune Analytics data, the demand for popular Binance NFTs decreased.
Popular NFT collections such as SPACE ID and PancakeSwap Squad have witnessed a 75% and 20% decline in traders respectively. The decreasing demand for these NFTs could be an indication of a decline in interest in the Binance NFT ecosystem.
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The Sandbox reports record land sales as metaverse virtual worlds gain popularityETH whales favor The Sandbox amid favorable YOY NFT revenue growth. SAND experiences extended demand despite being overbought. The Sandbox just earned its way into the list of most used smart contracts among the top 100 ETH whales in the last 24 hours. But is this an indicator that the metaverse network is experiencing more […]
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