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Bitcoin ranks fourth in all-time NFT sales volume, behind Ethereum, Solana, and Ronin.
Overall, although May saw a 54% decline in NFT sales, digital collectibles on Bitcoin reached a new milestone.
On June 4, NFT data tracker CryptoSlam showed that the total sales volume of NFTs on the Bitcoin blockchain exceeded $4 billion. This data combines NFT sales of $3.97 billion and wash sales of $82 million.
Over the last 30 days, Bitcoin-based NFTs have topped sales volume on a blockchain basis, recording $171 million in sales volume. Following this network, Ethereum recorded a sales volume of $159 million and Solana recorded a sales volume of $90 million.
Bitcoin NFTs Still Lack Ethereum
While Bitcoin-based NFTs have led in volumes over the past 30 days, they remain the fourth-largest blockchain in sales. The Ronin blockchain ranks third with all-time sales volume of $4.2 billion.
Solana-based NFTs rank second in all-time sales volume with a record $5.5 billion. The Ethereum network is the leader in NFT sales, with recorded sales of $43.8 billion.
Bitcoin NFTs Affected by Market Drop
The overall NFT market experienced low sales volumes in May. On May 31, CryptoSlam showed that monthly NFT sales volume was down 54% compared to April. While NFTs generated sales of over $1 billion in April, this volume dropped to $624 million in May.
The decline in sales volume also affected Bitcoin-based collectibles. Data showed a 68% decline in sales of Bitcoin-based NFTs in May.
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