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

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

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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.

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