Nfts
Bitcoin dominates NFT market with 86% sales increase in 24 hours
The price of Bitcoin fell to US$65,000 after hitting its all-time high throughout the week, but the volume of the network’s non-fungible token (NFT) sales stole the show on Friday.
Bitcoin has become the leading blockchain for NFTs over the past 24 hours, recording over US$22.2 million as of 1:40 p.m. ET.
This represents a 76.04% increase from the previous day’s sales of US$12.6 million.
The number of NFT transactions also increased by 19%, from 5,744 to 6,835, indicating renewed activity on the Bitcoin blockchain.
After Bitcoin, we find Ethereum and Solana, which rank second and third, respectively.
Ethereum saw sales of over $14.8 million, down 15.72% from Thursday, while Solana saw sales of $8.7 million, down 4.22%. %.
Polygon, an Ethereum scaler, has also made notable progress over the past 24 hours.
Although it ranked fourth, it saw a significant increase in sales of 65.32%, from US$1.17 million to US$1.94 million.
However, Polygon saw a slight drop in transactions of 2.2%, from 53,247 to 52,076.
Friday’s performance brings Bitcoin NFT’s historic sales volume to $2.8 billion, ranking it fourth among all blockchains.