Bitcoin reigns supreme in NFT market with $677 million in 30-day sales 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.
| # | Blockchain | Sales (USD) | Wash (USD) | Total (USD) | Buyers |
|---|---|---|---|---|---|
| 1 | Bitcoin | $677,252,714 | $6,253,761 | $683,506,476 | 42,947 |
| 2 | Ethereum | $383,430,337 | $409,949,208 | $793,379,545 | 92,223 |
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.
| # | Collection | Sales | Transactions | Buyers | Sellers |
|---|---|---|---|---|---|
| 1 | $SATS BRC-20 NFTs | $93,525,624 | 27,486 | 11,288 | 9,303 |
| 2 | $RATS BRC-20 NFTs | $61,504,213 | 16,003 | 6,711 | 5,706 |
| 3 | Uncategorized Ordinals | $42,285,214 | 82,491 | 29,026 | 20,215 |
| 4 | $MICE BRC-20 NFTs | $36,799,606 | 14,316 | 7,488 | 6,977 |
| 5 | Bored Ape Yacht Club | $29,962,142 | 493 | 210 | 234 |
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.
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.