Summary:
• Binance Coin (BNB) recently published its weekly report which highlighted developments in its ecosystem.
• Statistics such as average daily transactions, and users were mentioned.
• Metrics remained in BNB’s favor, however, technical indicators favored the bears.
Binance Coin (BNB) Weekly Report
Table of Contents
Updates
Binance Coin (BNB) recently published its latest weekly report which highlighted the developments in its ecosystem in the last seven days. The report mentioned new updates and the latest statistics about the network. Among the updates was the launch of Joepegs NFT Marketplace on BNB, which was a positive update as it would help BNB further grow its NFT ecosystem.
Statistics
The report mentioned various statistics about the network such as the average daily transactions which were 2.62 million and the weekly and daily average users were 2.48 million and 761k respectively.
Positives
Santiment’s chart revealed that BNB’s NFT space did witness growth in the last seven days with total NFT trade counts and NFT trade volume in USD increasing over the week. Metrics remained in BNB’s favor with the coin’s MVRV Ratio registering an uptick, which was bullish. Positive sentiments around BNB went up during the last few days and the alt’s funding rates spiked last week, showing its demand in the futures market.