- Bitcoin has taken 40% of the NFT market share.
- Three Bitcoin collections are now among the top 10 NFTs.
The introduction of Bitcoin [BTC] The NFT Ordinals inscriptions marked the beginning of the NFT revolution on the platform. Since then, NFT activity has increased significantly, with BTC NFTs now surpassing others in the rankings.
Additionally, recent data suggests that Bitcoin holds the highest market share in the NFT space.
Bitcoin is taking over NFT volume
Analysis of NFT Pulse data revealed that Bitcoin currently holds the highest volume in the NFT market. At the time of writing, the total trading volume on the platform is $195 million, of which $79.4 million is Bitcoin.
Further research revealed that it now commands a 40.7% market share, marking a significant departure from previous trends where Ethereum dominated.
The records also illustrate the gradual rise from the second highest market share to the current leader in NFT trading volume.
Source: NFT Pulse
Bitcoin NFT collections emerge as top contenders
According to data from DappRadar, three Bitcoin collections have secured a place in the top 10 NFT collections. In the last 30 days, Runestone, Ordinal Maxi and NodeMonkez have emerged as prominent players in the NFT space.
Among these, Runestone currently occupies the top spot in popularity. It has more than 48,000 merchants and has seen a remarkable 100% increase in volume.
Recent discussions about an upcoming token launch and an airdrop for holders have further fueled Runestone's popularity.
Additionally, DappRadar data shows that Ordinal Maxi and NodeMonkez are in eighth and ninth place in the rankings, respectively.
A new leader in NFT volume?
Further analysis on Crypto Slam revealed that Bitcoin currently has the highest NFT sales volume of any network. As of this writing, the company recorded over $24 million in sales volume in the last 24 hours, securing the top position.
Ethereum follows close behind in second place with a sales volume of $10.2 million.
Is your portfolio green? Check out the BTC profit calculator
Additionally, when examining the top trading collections, a Bitcoin collection with over $10 million in sales is at the top. Looking at longer time periods, data from the last 7 and 30 days also confirms Bitcoin’s dominance in NFT sales.
In the last seven days, the collection has achieved a total of over $51.6 million in sales, while in the last 30 days it has seen over $169 million in sales, further reinforcing its position at the top of the NFT market consolidated.
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.