Bitcoin NFT Sales Surge to $4.27B, Surpassing Ronin Blockchain

On June 18, 2021, data sourced from the NFT tracking platform CryptoSlam indicated that the Bitcoin network has surpassed the Ronin blockchain, securing the third position in the all-time non-fungible token (NFT) sales rankings.

The sales figures for Bitcoin-based NFTs reached an all-time high of $4,271,928,280, surpassing Ronin’s previous record of $4,271,675,550. As a result, Bitcoin has now solidified its position among the top three leading blockchain networks for NFT sales, trailing only behind Solana and Ethereum.

Over the past month, there has been a surge in sales of non-fungible tokens (NFTs) based on Bitcoin, totaling a remarkable $148 million in sales volume. This exceptional sales performance has positioned these Bitcoin-based NFTs in the top two spots for the month.

Ethereum led the way with a slightly higher volume of $157 million, while Solana closely followed with approximately $77 million in sales.

Despite the significant sales recorded by non-fungible tokens (NFTs), there has been a noticeable decrease in trading volume. Specifically, according to CryptoSlam, the top three chains have each reported a decline of at least 40% in sales over the past 30 days.

On June 4, 2021, as per data provided by CryptoSlam, it was disclosed that the sales volume of NFTs, which are based on Bitcoin, has reached a noteworthy milestone, accumulating a total of $4 billion in sales over a period of time.

This impressive amount consisted of $3.97 billion in actual NFT sales and additionally encompassed over $80 million in wash sales. Despite this monumental achievement, it’s worth noting that the broader NFT market experienced a decrease in sales volumes, with a substantial 54% decline in monthly NFT sales volume observed in May when compared to April.

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