TL;DR
- Market shift: Vesting NFTs on BNB Chain generated $12.4M in daily sales, briefly surpassing legacy collections like CryptoPunks and Pudgy Penguins, and pushing BNB Chain ahead of Ethereum in overall daily NFT volume.
- Liquidity model: UNCX Network’s Vesting NFTs wrap locked tokens into tradable vouchers, letting holders exchange them while still respecting vesting schedules.
- Utility trend: Courtyard’s tokenized collectibles and DMarket’s in-game NFT marketplace highlight how utility-driven projects are gaining traction.
Vesting NFTs on BNB Chain have surged to the forefront of the nonfungible token market, briefly overtaking established collections in daily sales volume. According to data from CryptoSlam, these specialized NFTs generated more than $12.4 million in sales, highlighting growing demand for liquidity solutions tied to token lockups. The spike not only placed Vesting NFTs ahead of legacy projects like CryptoPunks and Pudgy Penguins but also propelled BNB Chain to the top of the daily NFT sales rankings.
Vesting NFTs Lead Daily Sales
CryptoSlam reported that Vesting NFTs on BNB Chain recorded over $12.4 million in daily sales, surpassing traditional digital art collections. This surge pushed BNB Chain’s total daily NFT sales to approximately $14 million, nearly doubling Ethereum’s $7 million. The momentum underscores how investors are increasingly drawn to utility-driven NFT products rather than purely collectible assets.
How Vesting NFTs Work
The Vesting NFTs are operated by UNCX Network, a decentralized service provider. The project allows users to wrap vested tokens into tradable NFT vouchers. These NFTs grant holders the right to claim the underlying tokens according to their programmed vesting schedule. By enabling liquidity without breaking vesting agreements, the model provides a novel solution for token holders who would otherwise be locked out of trading opportunities.
Billion-Dollar Potential in Token Lockups
Vesting is a common mechanism in crypto projects to prevent early investors and team members from selling tokens prematurely. Tokenomist data revealed that in September alone, about $15 billion in vested tokens were released into the market, with another $10 billion expected to unlock in the following two months. While Vesting NFT volumes are currently in the millions, the scale of locked tokens suggests a significant long-term opportunity for this model to expand into a billion-dollar use case.
Utility-Based NFTs Gain Ground
Beyond Vesting NFTs, other utility-focused projects also ranked highly on CryptoSlam’s charts. Courtyard, a platform that tokenizes real-world collectibles, recorded nearly $500,000 in daily sales and previously reached $22.3 million in a single week. DMarket, which enables gamers to trade interoperable NFTs representing in-game items, also featured among the top performers. These examples indicate that NFTs are evolving beyond speculation, with utility-based models increasingly driving adoption and sales.
