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Bitcoin reigns supreme in NFT market with $677 million in 30-day sales Bitcoin reigns supreme in NFT market with $677 million in 30-day sales

Bitcoin reigns supreme in NFT market with $677 million in 30-day sales

In the NFT marketplace, Bitcoin surpasses Ethereum's sales by nearly $300 million, signaling a shift in investor interest.

Quick Take

The Non-Fungible Token (NFT) market is under the reign of Bitcoin NFTs, as surging Bitcoin fees propelled by Inscriptions and Ordinals influence the landscape. In the past 30 days, Bitcoin has generated a substantial $677 million in sales, vastly outperforming Ethereum, its closest rival, which generated $383 million, according to CryptoSlam.

#BlockchainSales (USD)Wash (USD)Total (USD)Buyers
1Bitcoin$677,252,714$6,253,761$683,506,47642,947
2Ethereum$383,430,337$409,949,208$793,379,54592,223

BRC-20 tokens, more specifically, underlined their significance in this market by generating $200 million in the same 30-day timeframe. The tokens, majorly made up of SATS, RATS, and MICE, showcased a robust performance. Further, ordinals, another category in the market, managed to generate an impressive $40 million, according to CryptoSlam.

#CollectionSalesTransactionsBuyersSellers
1$SATS BRC-20 NFTs$93,525,62427,48611,2889,303
2$RATS BRC-20 NFTs$61,504,21316,0036,7115,706
3Uncategorized Ordinals$42,285,21482,49129,02620,215
4$MICE BRC-20 NFTs$36,799,60614,3167,4886,977
5Bored Ape Yacht Club$29,962,142493210234

In the domain of specific collections, Bored Ape Yacht Club holds the fifth position in terms of sales, with a revenue of $30 million in the past 30 days. The data signifies Bitcoin’s dominance in the NFT market, showcasing its strong influence and the potential for further growth.