The non-fungible token (NFT) market continues to catch attention with its daily trading sales volume exceeding $20 million. Bitcoin has reclaimed the top position, surpassing Ethereum and Solana in the NFT segment.
Growth of Bitcoin NFT Trading Volumes
According to CryptoSlam.io, Bitcoin has surpassed Ethereum in the non-fungible token market after a surge in trading sales volume of Bitcoin Ordinals. Over the past 24 hours, Bitcoin-based NFTs reached $7.2 million in trading sales, reflecting a 7.79% increase from the previous day. Ethereum ranks second with $6.4 million, down by 1.2%. Solana comes third, registering $3.8 million in trading volume, noting a 0.32% increase.
Top Selling Bitcoin NFTs
The top-selling Bitcoin NFT collection over the last day is $?? BRC-20, with $3.5 million in trading volume, marking a 6% increase from the previous day. Following closely is the Uncategorized collection, which achieved $521,354, growing by 73%. Bitcoin Puppets, NodeMonkes, and Runestones collections rank third, fourth, and fifth, respectively.
Other NFT Market Developments
Leading Bitcoin-based NFT collections exhibit significant growth in trading volumes. Currently, NodeMonkes saw a notable trading volume growth of 141%. Meanwhile, Runestones, using the new Runes protocol led by Ordinals founder Casey Rodarmor, is also gaining substantial traction.
The rapid rise in Bitcoin-based NFT trading volumes highlights its increasing popularity and competitive edge against leading blockchains like Ethereum and Solana. This signifies ongoing transformation and dynamics within the NFT market.
