Bitcoin NFTs have hit a giant milestone, CryptoSlam introduced on June 4 that Bitcoin NFTs crossed $4 billion in whole gross sales. This contains $3.97 billion in actual gross sales and $82 million in wash gross sales. This occurred regardless of the NFT market taking a giant dip in Might.
Within the final 30 days, Bitcoin-based NFTs have proven robust efficiency. They recorded a gross sales quantity of $171 million. This positioned Bitcoin on the prime for gross sales quantity amongst blockchains for the month. Ethereum adopted with $159 million in gross sales, whereas Solana recorded $90 million.
Comparability with Ethereum and Different Blockchains
Regardless of latest success, Bitcoin NFTs nonetheless lag behind in total gross sales. The Ronin blockchain holds the third spot with $4.2 billion in all-time gross sales. Solana NFTs rank second with $5.5 billion. Ethereum stays the chief with a formidable $43.8 billion in gross sales.
Prime 5 blockchains by all-time gross sales quantity. Supply: CryptoSlam
The broader NFT market confronted a downturn in Might. Gross sales volumes dropped by 54% in comparison with April. In April, the market noticed over $1 billion in gross sales. Might recorded solely $624 million. This decline additionally impacted Bitcoin NFTs. Collectibles primarily based on Bitcoin noticed a 68% decline in gross sales in Might.
Bitcoin Transaction Worth Peaks
Bitcoin witnessed a brand new document in transaction worth, alongside its success in NFT gross sales. On Might 28, transactions involving Bitcoin surged previous $25 billion, marking the best worth recorded previously 12 months. Blockchain.com knowledge revealed that roughly 367,000 BTC had been moved by Bitcoin holders on that day. Notably, Bitcoin’s worth hovered round $69,000 on the time, contributing to the transactions’ collective price of $25.5 billion.
Bitcoin NFTs have achieved a big milestone regardless of the market stoop. Current efficiency has been robust, however Ethereum nonetheless dominates in whole gross sales quantity. Bitcoin’s transaction worth has additionally reached a brand new yearly excessive, exhibiting robust exercise on the community.
