Bitcoin's surge in the NFT market has positioned it ahead of Ethereum, signaling a significant transformation in the sector's landscape. The recent spike in Bitcoin's NFT sales, exceeding $49.74 million, has propelled it to the forefront, outperforming Ethereum's $35 million. This surge has raised concerns about transaction legitimacy, with a notable increase of 15.39% in wash trading, totaling $39,000. Despite the sales peak, active buyer engagement on Bitcoin's network drastically plummeted by 96%. Ethereum, previously the dominant player in the NFT space, closely trailed Bitcoin with $35 million in sales, experiencing a marginal decline of 0.31% from the prior week. While Ethereum retains a larger user base compared to Bitcoin, it faced a significant 56.33% reduction in active users week-over-week, indicating the evolving competition among networks in the NFT market. Apart from Bitcoin and Ethereum, Polygon and Solana have shown substantial progress. Polygon's sales surged by 29.43% to $19.63 million, while Solana achieved sales of $18.225 million, showcasing its resilience in the competitive market. Key insights highlight Bitcoin's expanding NFT market share, challenges posed by wash trading, a sharp decline in active buyers on Bitcoin, Ethereum's stable user base despite recent activity declines, and the emergence of Polygon and Solana as strong competitors in the NFT arena. Despite the increased focus on Bitcoin NFTs, the network witnessed a notable decrease in active addresses, dropping from 1.17 million to 613,000 in the last month. This decline in network activity could impact Bitcoin miners negatively, leading to potential asset sales that may influence Bitcoin's price stability.