The monthly NFT sales volume on the Bitcoin network exceeded $171 million

The monthly NFT sales volume on the Bitcoin network exceeded $171 million

user avatar

by Eve Adams

2 years ago

The volume of non-fungible token (NFT) sales on the Bitcoin network reached $171.8 million over the past 30 days, according to CryptoSlam data. The most expensive NFT during this period was sold in mid-May for 10.99 BTC, which at the time was valued at over $681,000.

The total volume of NFT sales for the month reached $599 million, with 247,415 buyers and 178,458 sellers.

NFT sales volume on the Bitcoin network over the past 30 days

It is noteworthy that the volume of NFT sales on the Bitcoin network over the past 30 days is the largest among all blockchains. In Ethereum, this figure was $159.2 million for the same period, in Solana — $90.2 million, in Polygon — $54.3 million, and in Blast — $44.4 million.

As of June 4, 2024, the volume of wash-trading for the month was about $160 million in the top 10 blockchains. Ethereum leads in this parameter with more than $136 million.

It is worth noting that the Bitcoin network ranks only fourth in total NFT sales volume of all time, with a figure of $3.97 billion. Ahead are Ronin with $4.2 billion, Solana with $5.5 billion, and Ethereum with $43.8 billion.

Recall that the U.S. Department of the Treasury recently published a report examining the potential financial risks of NFTs.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Stellar Development Foundation Makes Strategic Investment in Marketnode

On October 29, the Stellar Development Foundation announced a strategic investment in Marketnode to enhance institutional access to tokenized investment products in the Asia-Pacific region.

user avatarJesper Sørensen

Tokenization Efforts in Wall Street Face Challenges

Tokenization efforts on Wall Street face challenges as major companies opt out, highlighting volatility and illiquidity in the market.

user avatarRajesh Kumar

NYSE Partners with Avalanche for Tokenized Securities Platform

The New York Stock Exchange has partnered with Avalanche to create a tokenized securities platform, aiming for 24/7 trading and settlement, pending regulatory approval.

user avatarLucas Weissmann

Block Reaches Agreement in Principle with DOJ Over AML Allegations

Block, the payments company known for Cash App and Square, has reached an agreement in principle with the US Department of Justice regarding allegations of failing to maintain an effective anti-money laundering program.

user avatarFilippo Romano

Arkham Intelligence Highlights Institutional Holdings in Ethereum and Solana

Arkham Intelligence's update reveals significant institutional holdings in Ethereum and Solana, indicating a shift in investment strategies beyond Bitcoin.

user avatarEmily Carter

Arkham Intelligence Reveals $3 Billion in Institutional Crypto Holdings

Arkham Intelligence has identified and labeled approximately $3 billion in cryptocurrency assets held by major investment funds, enhancing transparency in institutional crypto investments.

user avatarEmily Carter

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.