Recently, the NFT market has retained its upper position with a 31% increase in its sales value.
From $149.31 to a whopping $208.17 million in the span of two weeks! Good news for the community, right?
Although this hints at a bullish season for Web3, this wouldn’t be possible without the substantial volume of Bitcoin NFTs.
So if you want to know what Bitcoin NFTs brought, let’s dive into this article.
THE ALPHA
In accordance with cryptoslam.io data, Bitcoin NFT sales have been leading the increase in sales and profits lately.
As you’ve observed, NFTs being traded in the Bitcoin blockchain secured $53,433,451 worth of sales volume over the last seven days.
Despite Ethereum’s number one position and a minor uptrend in sales, Bitcoin NFT transactions contributed the most to the market’s dollar progress.
Not only was clinching second place in blockchain sales but also leaped Bitcoin’s NFT sales by 187.54% compared to the prior week’s record.
MORE DETAILS
Besides Bitcoin and Ethereum’s movement, Mythos blockchain’s NFTs also garnered third in the rankings.
The third placer experienced an increase in NFT sales by 69.66% to claim $11.73 million in sales volume from last week.
Moreover, Solana stands fourth with a 20% decrease in its NFT sales volume, recording only $8,789,106.
Lastly, the fifth blockchain, Polygon, only had a sales volume of $7.79 million, decreasing by 7.07% from the previous week.
NFT PROJECTS INFLUENCING THE TRENDS
As the trends continue, cryptoslam.io statistics showed the projects making these huge movements in the market.
And with the disclosure revealed that “Uncategorized Ordinals” led Bitcoin’s uptrend by accumulating $15.62 million in NFT sales.
Moreover, Bored Ape Yacht Club also followed in the second spot by garnering $13 million in sales volume, a 31.20% increase from its prior initial record.
Besides that, Mythos’ Dmarket collection also paved the way for the third spot, as it got $11 million worth of NFT sales.
Lastly, ORDI BRC-20 NFTs documented $11,044,110 in sales, while Ethereum’s Milady Maker NFT collection gained $10,376,102, placing the projects in fourth and fifth place, respectively, in the rankings.
CONCLUSION
It’s a great moment for the NFT community right now, as more trading volumes have been observed.
With that, more trading volume means more opportunities for earning.
However, take note that this article doesn’t offer financial advice. So, always DYOR and invest at your own risk.
In the meantime. What do you think about this update?
