BNBChain ramps up efforts to grow GameFi space, but what about BNB's price?
BNB has been stepping up its game in terms of its GameFi and NFT ecosystems with new partnerships. The weekly report mentioned BNB’s latest partnership with GAIMIN.and GAIMIN will collaborate to support developers in building and launching Web3 games to accelerate the growth of blockchain-based games.
However, in spite of such efforts to boost its GameFi ecosystem, Dune’ data suggests not much growth was registered as BNB’s gaming weekly average users did not increase by any significant margin.The same trend was seen with BNB’s NFT space too, which failed to register growth. The latest data revealed that BNB’s daily NFT volume declined after spiking in December 2022. However, February 2023’s statistics gave hope for a revival as the volume went up slightly.
BNB’s total supply held by top addresses went up over the last 30 days, reflecting that the big players in the market had faith in the coin.. For example, development activity increased in the last few weeks, which indicates higher efforts of the developers in improving the network. Moreover, positive sentiments around BNB spiked quite a few times. BNB’s velocity was concerning though as it went south of late.It is worth noting that after days of bearish market sentiment, things started to change, and BNB’s daily chart turned green.
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