🌐 Bitcoin Holds Top Four Spot in NFT Sales Volume
Bitcoin ranks in the top four for all-time NFT sales volume, following Ethereum, Solana, and Ronin.
📉 May’s NFT Market Decline
Despite a 54% drop in overall NFT sales in May, Bitcoin digital collectibles reached a significant milestone.
📊 New Milestone for Bitcoin NFTs
On June 4, NFT data tracker CryptoSlam reported that Bitcoin NFTs surpassed $4 billion in total all-time sales volume. This includes $3.97 billion from NFT sales and $82 million from wash sales.
💰 Recent Sales Volume
In the past 30 days, Bitcoin-based NFTs recorded $171 million in sales volume, making it the top blockchain for sales during this period. Ethereum followed with $159 million, and Solana with $90 million.
🥇 Bitcoin NFTs vs. Ethereum NFTs
Even though Bitcoin-based NFTs are leading in 30-day sales volume, Bitcoin ranks as the fourth-largest blockchain in terms of all-time sales.
- Ronin: $4.2 billion (third place)
- Solana: $5.5 billion (second place)
- Ethereum: $43.8 billion (first place)
📉 Bitcoin NFTs Also Affected by Market Slump
The broader NFT market saw a decline in sales volumes in May. According to CryptoSlam, May’s NFT sales volume dropped 54% compared to April, falling from over $1 billion to $624 million.
📉 Decline in Bitcoin-Based Collectibles
Bitcoin-based NFTs experienced a 68% decline in sales volume in May.
💸 Bitcoin Transaction Value Hits Yearly High
Beyond NFTs, Bitcoin saw a new record in transaction value. On May 28, Bitcoin holders moved approximately 367,000 BTC on the blockchain, with the total transaction value reaching $25.5 billion, as Bitcoin’s price hovered around $69,000.
🚀 Conclusion
Bitcoin NFTs have achieved a significant milestone in sales volume, reflecting growing interest and adoption. However, the market’s volatility remains a challenge for both Bitcoin-based and broader NFT markets.