🌐 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.
📉 NFT Market Slump in May
The overall NFT sales saw a 54% decrease in May, yet Bitcoin digital collectibles hit a key landmark.
📊 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.
💰 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.
🥇 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)
📉 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.
📉 Bitcoin-Based Collectibles Take a Hit
Sales of Bitcoin-based NFTs plummeted 68% in May.
💸 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.
🚀 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
