BNB Chain Outperforms Other Chains in Q2

According to the latest report from Messari, BNB Chain is outperforming other chains in the second quarter. The company described it as a “breakout quarter” for the blockchain network, saying that BNB Chain benefited from the bear market.

The number of unique NFT buyers increased by 716% in the second quarter, while secondary sales increased by 634%. This puts NFT activity on the network on par with competing networks such as Solana and Flow.

The GameFi sector on BNB Chain has also seen growth as developers introduced new projects such as X World Games and Era7: Game of Truth. The top three GameFi platforms powered by BNB Chain recorded a 35% increase in daily users to 60,000 and generated $14 million in revenue.

BNB Chain Outperforms Other Chains in Q2

The DeFi sector lagged behind this quarter. The total value of assets in the network fell by 55% from $14 million to $6 million.

“Ultimately, DeFi, NFT, GameFi, and to some extent, the collapse of Terra combined to bring more unique users to the BNB Chain ecosystem,” the report says.

Overall, BNB Chain performed best across major sectors, outperforming networks such as Ethereum, Avalanche, Fantom, and Polygon.

BNB Chain recorded the lowest drop in market capitalization, higher daily transaction volume (4 million versus Ethereum network’s 1.17 million), and growth in NFT sales in the secondary market, despite the dominance of Ethereum-based NFTs.

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