Crypto:
32170
Bitcoin:
$91.283
% 4.02
BTC Dominance:
%60.0
% 0.54
Market Cap:
$2.96 T
% 0.69
Fear & Greed:
84 / 100
Bitcoin:
$ 91.283
BTC Dominance:
% 60.0
Market Cap:
$2.96 T

Bitcoin NFTs Surpass $4 Billion in All-Time Sales Volume

Bitcoin Etf

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.

READ:  Mega Bull in SocialFi Applications!

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

Rate this post

Leave a Reply

Your email address will not be published. Required fields are marked *