Nfts
Bitcoin NFT sales drop 44%, but remain market leader
The Bitcoin blockchain continued to dominate the non-fungible token (NFT) market on Tuesday, despite a 44.36% drop in sales volume as of 2:30 p.m. ET.
According to CryptoSlam, Bitcoin saw $12.2 million in NFT sales as the network’s native cryptocurrency fell to $62,349.
About $5 million of those sales came from unclassified ordinals, a class of digital assets on the Bitcoin network that are not part of a collection.
NodeMonkes, a collection of 10,000 Bitcoin NFTs, was the market’s best-selling collection with $2.5 million.
Ethereum and Solana extended Monday’s trend by following the Bitcoin network in NFT sales, with $11.4 million and $9.37 million, respectively.
Ethereum’s Bored Ape Yacht Club, a top-tier collection of 10,000 NFTs from Yuga Labs, saw the biggest sales spike among the top 10 collections on Tuesday, with sales up nearly 18% to $1.6 million.
The Flow network saw the largest increase in sales rate, up 89% to US$400,842, the eighth highest figure in the market.
Polygon fell to sixth place on Tuesday, with Mythos Chain overtaking the Ethereum scaler for fifth place, albeit without surpassing $1 million in sales.
Mythos, a gaming asset blockchain that powers its gaming ecosystem, recorded $993,153 in NFT sales.