Nfts
Bitcoin NFT Sales Drop 44%, Still Lead the Market
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.
Bitcoin saw $12.2 million in NFT sales while the network’s native cryptocurrency fell to $62,349, according to CryptoSlam.
About $5 million of those sales came from ungraded 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 best-selling collection on the market with $2.5 million.
Ethereum and Solana extended Monday’s trend by trailing the Bitcoin network in NFT sales, with $11.4 million and $9.37 million, respectively.
Ethereum’s Bored Ape Yacht Club, a blue-chip collection of 10,000 NFTs from Yuga Labs, saw the biggest sales surge among the top 10 collections on Tuesday, with sales up nearly 18% to 1 .6 million dollars.
The Flow network saw the largest increase in sales rates, rising 89% to US$400,842, eighth in the market.
Polygon fell to sixth place on Tuesday, with Mythos Chain overtaking scaler Ethereum for fifth place, but failing to surpass $1 million in sales.
Mythos, an in-game asset chain that powers its gaming ecosystem, recorded US$993,153 in NFT sales.