Bitcoin is now the second largest chain by NFT volume Quick Take
- Bitcoin is now the second-largest chain by NFT volume.
- According to The Block, this trend began in the first week of May, closing that period at $14 million.
- By May 8, NFT volume rose to $51 million but fell to $31 million the following week.
- Ethereum continues to dominate NFT volume, consistently achieving over $60 million on a week-over-week basis. Nonetheless, Bitcoin has taken a significant market share.
Analyst 
Research Analyst at CryptoSlate
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
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In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
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