The rise of multichain NFT marketplaces
Digital collectibles aggregator and marketplace NFTrade has broken through the $2 million trading volume barrier thanks to its increased activity on BNB Chain this week. The multichain marketplace, which aggregates NFTs across six Ethereum, Polygon, and Avalanche networks, has shown the most growth on BNB Chain.
Summary
NFTrade is an aggregator of NFT marketplaces, hosting NFTs from across six blockchains allowing anyone to create, buy, sell, swap, and farm NFTs. In the last seven days, 1,143 traders interacted with NFTrade on BNB Chain, pushing the trading volume to over $2.6 million. The number of traders has risen by more than 73% on BNB Chain, pushing the average price of NFT collectibles on the platform by around 96% to just under $900 at writing.
Interestingly, the $2.62 million represents more than 77% of the total trading volume flowing through NFTrade this week and shows impressive growth on BNB Chain as the…
