Additionally, despite a spike in revenue generated by the stakers, the number of stakers of BNB has declined over the last 30 days. According to Staking Rewards, the metric decreased by 1.23% over the last 30 days, despite the revenue increasing by 30% in the same period.The NFT market on Binance has also seen a decrease in volume over the last few months. According to Dune Analytics data, the demand for popular Binance NFTs decreased.
Popular NFT collections such as SPACE ID and PancakeSwap Squad have witnessed a 75% and 20% decline in traders respectively. The decreasing demand for these NFTs could be an indication of a decline in interest in the Binance NFT ecosystem.
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