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Home News NFTs

BNB Chain deployed the most dApps in 2022, while Ethereum led the pack for NFT transactions

January 20, 2023
in NFTs
Reading Time: 3 mins read

According to recent data, the BNB chain will deploy the most dApps with 2,163 dApps through 2022, while Ethereum ranked first by volume of NFT transactions. report by DappRadar.

Ethereum (ETH) will be the busiest platform for NFT sales in 2022 with 21.2 million transactions, followed by WAX (WAXP) and Polygon (MATIC) with 14.5 million and 13.3 million transactions respectively. Recorded. The BNB chain, on the other hand, has only recorded one million NFT transactions throughout the year.

dApp integration

Despite registering a 7% decline from 2021, the BNB chain remains at the top of the list, integrating 2,163 dApps in 2022. Polygon and Ethereum are second and third in the rankings, with over 500 integrations each.

dApp integration with topchain
dApp integration with topchain

With the exception of BNB Chain, Ethereum and Tron (TRX), the number of integrated dApps has increased.

At the end of 2022, BNB Chain’s dApp integration dominance is 36.7%, as opposed to 43.7% in 2021. Polygon’s dominance also decreased slightly from 13% in 2021 to 12.8% in 2022.Ethereum dominance also shrinks from 16.4% in 2021 to 11.4%

Applications with high financial or operational risk were the major dApp category on the BNB chain at 31%. Games and NFTs were the most popular categories for Polygon and Ethereum at 21% and 35% respectively.

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NFT sales

Ethereum-based NFT sales will surpass 21.2 million in 2022, up 207% from 6.9 million in 2021.

Number of NFTs sold in major networks
Number of NFTs sold in major networks

Wax and Polygon followed Ethereum second and third with 14.5 million and 13.3 million transactions respectively. Despite its excellent performance in dApp installments, BNB Chain ranks at the bottom of the list with his 1 million NFT transactions.

However, based on year-over-year growth rates, Solana (SOL) and Immutable X (IMX) are ahead of Ethereum in first and second place. In contrast to Ethereum’s 207% growth, Solana recorded a 440% increase in transactions, while Immutable X saw a 315% increase.

Ethereum is also the network with the highest intrinsic NFT value in 2022, exceeding $300 per NFT transaction. Polygon and Solana come second and third after Ethereum, at $104 and $88 per transaction respectively.

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