Bitcoin returns to the NFT market again: its daily NFT sales increase +190%

The global non-fungible token market has started to get exciting again after trading volumes began to skyrocket and prices for digital collectibles continued to rise. bitcoin is leading the resurgence of the nft market, with its trading sales volume increasing by 190% in the last 24 hours. This notable rise has pushed bitcoin to become the leading blockchain network in the global nft market, regaining market dominance from ethereum.

bitcoin regains dominance of the nft market

Data collected by cryptoslam.ioan on-chain crypto market data aggregator and non-fungible token explorer backed exclusively by crypto billionaire Mark Cuban, indicates that bitcoin has regained some traction in the nft market, becoming the most traded blockchain network. In the last 24 hours, bitcoin nfts have recorded a trading volume of $6.6 million, up 195% from the previous day.

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bitcoin, the blockchain network recognized for its Ordinal, BRC-20, and Runes nft collection, has just taken market dominance away from ethereum, which increased its dominance earlier this year after ordinals lost their initial traction. In the last 24 hours, ethereum-based nfts have accumulated a trading volume of $4 million, down 6.38% from the previous day.

Solana, an open-source public blockchain network that supports smart contracts, including non-fungible tokens and a variety of decentralized applications, occupies the third position today. In the last 24 hours, the Solana-based nft collection has raised a trading volume of $2.2 million. During this time, Mythos Chain and Polygon rank fourth and fifth, with trading sales volume of $673,327 and $576,606, respectively.

bitcoin Uncategorized Ordinals Lead Daily Sales Volume

bitcoin Ordinals nfts, once hailed as a beacon of hope in the digital collectibles community, are slowly making a comeback after suffering a brutal drop in recent weeks. Uncategorized Ordinals are leading this new comeback, with their commercial sales volume increasing +8,000%. In the last 24 hours, the uncategorized Ordinal collection has accumulated a commercial sales volume of $4.6 million.

Launched on the bitcoin mainnet by bitcoin developer Casey Rodarmor on January 20, 2023, Uncategorized Ordinals are nfts created using the Satoshi Nakamoto Ordinal protocol. This category contains a diverse variety of digital assets on the bitcoin blockchain that have not yet been identified as part of an established collection. Ordinal Maxi Biz is another Ordinal that has recorded positive growth, rising +108% to $517,825 in the last 24 hours.

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