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HomeNewsCrypto NewsBNB NFT Chain Front painted a green picture, but...

BNB NFT Chain Front painted a green picture, but this metric spilled red

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BNB NFT networks may not have had the same popularity as NFTs built on other platforms. However, this scenario may change. BNBchain The NFT community may be starting to show signs of growth as the top NFT collections on the network have seen some growth. PancakeSwap Squad and Mobox have seen significant growth in the past few days. This may change the BNB front of the NFT network.

NFT to the rescue

DappRadar data shows that the PancakeSwap Squad NFT Collection has shown significant growth over the past week. Its volume has increased by an astonishing 84.32% and sales have also increased by 93% in the last seven days.

The recent growth in the volume of these NFT collections can be attributed to PancakeSwap, the distribution of the private sale of their IFOs to Squaddie holders .

However, despite the growth of their NFT space, there were other factors that may have hindered BNB growth.

One of the developments that could hinder BNB’s growth would be a decline in staker income. As you can see from the image below, staker revenue has dropped a lot over the last month. The income received by stakers has decreased by 22.75% over the past 30 days.

A decrease in staker income could increase selling pressure on stakers and lead to BNB negatively impacting prices.

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