Zeynep Geylan · 11 hours ago · 2 min read BNB Chain deployed 2,163 dApps, while Ethereum recorded 21.2 million NFT transactions during 2022.2 min read Updated: January 20, 2023 at 11:27 am Cover art/illustration via CryptoSlate BNB Chain deployed the highest number of dApps throughout 2022 with 2,163 dApps, while Ethereum ranked first for amount of NFT transactions, according to a recent report by DappRadar.With 21.2 million transactions, Ethereum (ETH) became the busiest platform for NFT sales in 2022, followed by WAX (WAXP) and Polygon (MATIC) at second and third place with 14.5 million 13.3 million transactions, respectively.Meanwhile, BNB Chain only recorded 1 million NFT transactions throughout the year.dApp Integrations Even though it recorded a 7% decrease since 2021, BNB Chain remained at the top of the list by integrating 2,163 dApps in 2022.Polygon and Ethereum are second and third in the ranking, with over 500 integrations each.Except for BNB Chain, Ethereum, and TRON (TRX), all others recorded increases in the number of integrated dApps.As of the end of 2022, BNB Chain’s dominance of dApp integrations sits at 36.7%, as opposed to 43.7% in 2021.
Coming second in line, Polygon’s dominance also decreased slightly to 12.8% in 2022 from 13% in 2021.Ethereum’s dominance also shrunk from 16.4% in 2021 to 11.4% Applications that posed a high financial or operational risk were the dominant dApp category for BNB Chain, with 31%.Gaming and NFT were the most prevalent categories for Polygon and Ethereum, with 21% and 35%, respectively.NFT Sales Ethereum-based NFT sales exceeded 21.2 million in 2022 — a 207% increase from 2021’s 6.9 million.Wax and Polygon followed Ethereum as second and third with 14.5 million and 13.3 million transactions, respectively.Despite its leading performance in dApp installments, BNB Chain is ranked at the bottom of the list with 1 million NFT transactions.Based on year-over-year growth percentages, however, Solana (SOL) and Immutable X (IMX) surpass Ethereum as first and second.As opposed to Ethereum’s 207% growth, Solana’s transaction count recorded a 440% increase, while Immutable X grew by 315%.
Ethereum is also the network with the highest intrinsic NFT value in 2022, with over $300 per NFT transaction.Polygon and Solana follow Ethereum as second and third, with $104 and $88 per transaction, respectively.Recent BNB Stories Cosmos raced higher for a second straight session, after recently snapping a four-day losing streak.Friday’s move saw the token move closer to a key resistance level of $12.50.
Solana also moved higher earlier in the day, as price bounced from a key support point.
Cosmos (ATOM) Cosmos (ATOM), was one of Friday’s notable gainers, as the token moved closer to a key resistance level.Following a low of $11.70 on Thursday, ATOM/USD raced to an intraday peak of $12.38 earlier today.As a result of this move, cosmos moved towards a resistance point at the $12.50 level, which was last hit on Monday.
Looking at the chart, the 14-day relative strength index (RSI) is also hovering near a ceiling of its own, at 66.00.Currently, the index is tracking at 65.85, which could lead to marginal consolidation, with earlier bulls opting to liquidate their positions.However, should this aforementioned ceiling be broken, then it is likely that ATOM could move towards $13.00.Solana (SOL) Like ATOM, solana (SOL) also edged higher, as the token continued to move away from a support point at $20.00.SOL/USD rose to a high of $21.77 earlier in the session, and followed on from a low of $20.53 the day prior.Today’s rally sees solana in a bullish attempt to regain market momentum, following recent declines in price.As can be seen on the chart, the move took place despite the RSI remaining below its own ceiling at 68.00.Due to this, earlier gains have somewhat eased, as traders seemed to be preparing for another reversal.
Currently solana is trading at $21.43, with longer-term bulls still likely targeting an exit at the $24.00 mark.Register your email here to get weekly price analysis updates sent to your inbox: Tags in this story Could solana maintain this rally over the next few weeks? Let us know your thoughts in the comments.Eliman Dambell Eliman brings an eclectic point of view to market analysis.
He was previously a brokerage director and online trading educator.Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only.It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies.Bitcoin.com does not provide investment, tax, legal, or accounting advice.
Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.Bitcoin crept back up to the $21,000 level on Friday, as volatility in the cryptocurrency market remained high.After falling by nearly 4% in Thursday’s session, the global market cap is up by 1.14% as of writing.This comes despite the news that crypto lender Genesis has recently filed for bankruptcy.Ethereum was also in the green, as it rebounded from Thursday’s lows.Bitcoin Bitcoin (BTC) climbed higher on Friday, as the world’s largest cryptocurrency rebounded from Thursday’s losses.The rally comes despite the news that crypto lender Genesis has filed for bankruptcy, following the likes of FTX.BTC/USD rose to an intraday high of $21,175.24 earlier in today’s session, which comes following a low of $20,689.88 on Thursday.
Looking at the chart, today’s rebound in price came as the 14-day relative strength index (RSI) moved back above the 80.00 mark.As of writing, the index is at the 80.40 level, with the next visible resistance level at the 88.00 zone.Many expect that BTC could make another attempt to break out of a key resistance point at $21,400.Ethereum In addition to bitcoin, ethereum (ETH) also rebounded during today’s session, with prices continuing to move away from a recent floor.Following a low of $1,515.79 on Thursday, ETH/USD raced to a peak of $1,559.55 earlier in the day.Today’s surge comes as ethereum continues to move away from a recent support point at the $1,500 level.Similar to BTC, the move comes following a dead cat bounce on the RSI indicator, with price strength rebounding from a recent low.Currently, the index is tracking at a level of 74.64, which is marginally higher than the aforementioned floor at 70.00.
ETH bulls will likely now be targeting a resistance level at the $1,600 level.Register your email here to get weekly price analysis updates sent to your inbox: Tags in this story Do you expect ethereum to end the week trading above $1,600? Leave your thoughts in the comments below.Eliman Dambell Eliman brings an eclectic point of view to market analysis.He was previously a brokerage director and online trading educator.Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only.It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies.
Bitcoin.com does not provide investment, tax, legal, or accounting advice.Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
– The 4-hour market structure was bearish.- The daily chart, while bullish, hinted that SOL could require a deeper retracement before a bullish continuation.Bitcoin continued to trade above the $20k mark, and each passing hour reinforced the idea that a move upward to $22k was more probable than another dump toward $19k.Monday’s low at $20.6k served as support, and any lower timeframe deviations beneath this level have been a buying opportunity in the past two days.
Read Solana’s Price Prediction 2023-24 Solana gained 212% in January.If Bitcoin can continue to run higher, the bullish short-term sentiment across the market is likely to spur Solana further higher.
Developer count metrics also seemed to paint a bullish picture, but further investigation showed all might not be well with SOL.Solana shows a fair value gap to be filled on the daily chart Solana fell beneath the month-long range (yellow) lows just after Christmas and recovered on 3 January.The disbelief in the rally was evident in the explosive bullish gains.The OBV also marched northward since the beginning of January.Is your portfolio green? Check the Solana Profit Calculator Marked in white, a fair value gap on the daily chart was seen in the $18.8=6-$22 zone.This meant that the price could fill this gap and dip some more to shake out long positions before resuming the upward move.Significant support levels lay to the south, even beneath the $18 mark.While it could be a good idea to bid at these levels, more risk-averse traders can wait for signs of short-term strength.
Imminent levels of interest are the FVG bottom at $18.66 and the H4 bearish breaker at $17.6.A strong bullish reaction from either level, combined with a rise in OBV would likely signal upward continuation.Weighted sentiment shows weak bearishness Development activity halted over the New Year but has picked up in the past few weeks.Another worrying aspect was that both during the past month as well as the past six months, the development activity had some correlation with the price trend to the naked eye.No mathematical tests were run, so investors can look to do their due diligence.
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