Decoding Binance Coin’s [BNB] last 7-days’ highlights for traders

Decoding Binance Coin’s [BNB] last 7-days’ highlights for traders

January 30, 2023

By Suzuki Shillsalot

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BNB’s weekly report mentioned all the updated statistics of the network.

Metrics remained in BNB’s favor but the technical indicators favored the bears.

Binance Coin [BNB] recently published the latest edition of its weekly report, which highlighted all the major developments that happened in its ecosystem in the last seven days.

Not only there were new updates, but also the report mentioned the latest statistics about the network. For instance, during the last week, the average daily transactions were 2.62 million. Reportedly, in the last seven days, weekly and daily average users were 2.48 million and 761k, respectively.

A cheerful week, indeed

Apart from these, the blog also mentioned that Joespegs NFT marketplace launched on BNB. This was a positive update, as it would help BNB further grow its NFT ecosystem.

Interestingly, Santiment’s chart revealed that BNB’s NFT space did witness growth in the last seven days. The total NFT trade counts and NFT trade volume in USD increased over the week.

BNB’s performance on the metrics front also remained in the investors’ favor. For example, the coin’s MVRV Ratio registered an uptick, which was bullish.