Bitcoin NFT market thriving as it exceeds Ethereum sales by millions Quick Take
Bitcoin fees recently began outpacing Ethereum fees for the first time in three years. This development appears to be driven by an increase in BRC-20 token inscriptions, which have led to a surge in transaction fees, creating a net positive outcome for miners.
Further, Bitcoin blockchain NFT sales have exceeded those on Ethereum over the past 30 days, with recorded sales of over $312 million compared to Ethereumโs $304 million, according to Cryptoslam.
A deeper delve into the NFT sphere reveals that BRC-20 NFTs are leading the sales volume ranking, with a substantial $83 million in sales in the past 30 days. This significantly trumps the sales value of the Bored Ape Yacht Club, which stands at $42 million. Further, there has been a remarkable 398% increase in buyers for BRC-20 NFTs within the past month, according to Cryptoslam.
| Rank | Blockchain | Sales (USD) | Change | Wash (USD) | Change | Total (USD) | Change | Buyers | Change |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin | $311,634,586 | 2395.70% | $7,603,003 | 108781.40% | $319,237,589 | 2455.16% | 2,854 | 73.81% |
| 2 | Ethereum | $304,292,807 | 52.88% | $285,866,535 | 145.13% | $590,159,342 | 86.96% | 70,423 | 0.54% |
Source: cryptoslam
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
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.
Ethereum
$3,148.63
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
