馃寪 Bitcoin Holds Top Four Spot in NFT Sales Volume
Bitcoin sits in the top four for total NFT sales volume, behind Ethereum, Solana, and Ronin.
馃搲 NFT Market Slump in May
The overall NFT sales saw a 54% decrease in May, yet Bitcoin digital collectibles hit a key landmark.
馃搳 Bitcoin NFTs Reach New Heights
NFT data tracker CryptoSlam reported on June 4 that Bitcoin NFTs crossed the $4 billion mark in total all-time sales volume. This figure includes $3.97 billion from NFT sales and $82 million from wash sales.
馃挵 Recent Sales Volume
Over the last month, Bitcoin-based NFTs generated $171 million in sales making Bitcoin the top blockchain for NFT sales during this time. Ethereum came in second with $159 million, while Solana took third place with $90 million.
馃 Bitcoin NFTs vs. Ethereum NFTs
While Bitcoin-based NFTs lead in 30-day sales volume, Bitcoin ranks fourth among blockchains in all-time sales.
- Ronin: $4.2 billion (third place)
- Solana: $5.5 billion (second place)
- Ethereum: $43.8 billion (first place)
馃搲 Bitcoin NFTs Feel the Pinch of Market Downturn
The wider NFT market saw sales volumes drop in May. CryptoSlam reports that NFT sales fell from over $1 billion in April to $624 million in May, a 54% decrease.
馃搲 Bitcoin-Based Collectibles Take a Hit
Sales of Bitcoin-based NFTs plummeted 68% in May.
馃捀 Bitcoin Transaction Value Reaches Yearly Peak
Apart from NFTs, Bitcoin hit a new record in transaction value. On May 28 Bitcoin users moved about 367,000 BTC on the blockchain. The total transaction value reached $25.5 billion, while Bitcoin’s price stayed around $69,000.
馃殌 To wrap up
Bitcoin NFTs have hit a big milestone in sales volume showing more people are getting interested and using them. But the market’s ups and downs are still a problem
