The WAX blockchain sold more NFTs than the Binance Smart Chain once again (BSC). This article will discuss what this implications for the NFT industry.
It’s known as the Blockchain of the World in this situation.
The Worldwide Asset eXchange blockchain, popularly known as the WAX blockchain, is unlike any other blockchain. It’s a blockchain for NFTs, video games, and digital collectibles that’s also environmentally sustainable. Because NFTs and digital assets are harmful to the environment, many individuals have shied away from the field.
Visit the WAX website to read more about how committed this firm is to becoming carbon-neutral. WAX provides a solution for you, whether your service is for gaming, trade, digital markets, or everything in between. WAX offers to provide a solution for you, whether your service is for gaming, trade, or digital markets.
We can’t claim for sure that WAX is the greatest blockchain for NFTs based on revenue and profit data, but we can declare with certainty that it is the best.
WAX values the environment more than any other NFT, and its pledge to be CO2-free is its most compelling selling point in more ways than one. This indicates that the corporation does not use a lot of energy since it operates on a proof of stake system that does not need supercomputers to process transactions. Many individuals believe WAX has defeated Binance Smart Chain yet again.
WAX vs. BSC is the battle royale
WAX NFTs had an excellent month in February 2022. This platform’s NFT volume reached $23.82 million this month, which is a significant amount. Binance Smart Chain NFTs, on the other hand, saw $1.14 million in trading volume.
Although Binance’s statistic seems to be lower than WAX’s, both chains saw year-over-year increase in February. The amount for February was significant for Binance Smart Chain (BSC), but it pales in comparison to the WAX blockchain’s volume.
The chain, for example, recorded $94,325 in NFT trading volume in January 2022. That implies BSC grew by 1,109 percent in only 28 days from January to February. When we look at BSC’s year-over-year trading volume, we can see that it earned $592,759 in February 2021, which implies it increased by 92 percent month over month.
The price of wax is rising
WAX made a $20.87 million profit in January 2022. This implies that in only 28 days, the chain increased by 14%. WAX earned $2.82 million in February 2021, a 744 percent gain over the previous year. BSC earned a lot of money as well.
When it’s all said and done, these blockchains have had a difficult year. In the same six months, they’ve witnessed all-time highs and all-time lows. According to the statistics from the WAX and BSC blockchains, the overall amount of activity in the NFT area has increased, which is fantastic.