Bitcoin Leads NFTs with a 46% Sales Surge
Bitcoin dominates the NFT market with a staggering 46% increase in sales. The world’s leading cryptocurrency raked in an impressive $16.27 million from NFT sales, soaring 51.42% in growth.
In the span of just 24 hours, leading up to 1:00 p.m. ET on Tuesday, Bitcoin demonstrated its strong position in the NFT space by generating over $9 million in sales from BRC-20 and Ordinals that are not part of a collection. This remarkable surge solidified Bitcoin’s reign as the top NFT network for the second consecutive day.
With a staggering 51.42% increase in NFT sales, Bitcoin’s all-time sales volume now stands at an impressive $2.96 billion. At its current pace, the blockchain is on track to surpass the $3 billion milestone later this week, a feat achieved by only three other networks.
Although Bitcoin maintains its stronghold in the NFT market, Ethereum, securing the second place, reported an impressive 47% surge in sales, amounting to $13.01 million. Solana, holding the third position, experienced a slight increase of 2% in NFT sales, totaling $7.30 million. It’s worth emphasizing that only the top three networks managed to achieve sales of at least $1 million.
Meanwhile, Polygon, ranked fourth, experienced a decline in NFT sales by 13%, with sales amounting to $916,271, reflecting a temporary setback in this highly competitive space.
As the NFT market continues to gain traction, Bitcoin proves that it remains a force to be reckoned with in the digital art world. With its significant sales growth, Bitcoin is not only dominating the NFT market but also setting the stage for a potential milestone-breaking week. Investors and enthusiasts eagerly await to see how the market evolves in the coming days.
Source: Bloomberg
Analyst comment
Positive news: Bitcoin leads NFTs with a 46% sales surge, breaking records and solidifying its position as the top NFT network. Ethereum also reports a strong 47% increase in sales. Short analysis: With Bitcoin’s impressive growth, the market is expected to continue expanding, potentially reaching a milestone-breaking week.
