ledgernoise.com
Daily Crypto News

Bitcoin Dominates NFT Market with 86% Sales Increase in 24 Hours


Bitcoin price fell to as low as US$65,000 after trading around its all-time high throughout the week but sales volume of the network’s non-fungible tokens (NFT) stole the spotlight on Friday.

Bitcoin emerged as the top blockchain for NFTs over the past 24 hours, recording over US$22.2 million, as of 1:40 p.m. ET.

This represents an increase of 76.04% from the previous day’s sales of US$12.6 million.

The number of NFT transactions also rose by 19%, from 5,744 to 6,835, indicating a surge in activity on the Bitcoin blockchain.

Following closely behind Bitcoin are Ethereum and Solana, which ranked second and third respectively.

Ethereum recorded sales of over US$14.8 million, a decrease of 15.72% from Thursday, while Solana had US$8.7 in sales, a 4.22% drop.

Polygon, an Ethereum scaler, also made notable strides in the past 24 hours.

Despite ranking fourth, it recorded a significant sales increase of 65.32%, from US$1.17 million to US$1.94 million.

However, Polygon experienced a slight decrease in transactions by 2.2%, from 53,247 to 52,076.

Friday’s performance raises Bitcoin’s NFT all-time sales volume to US$2.8 billion, ranking it fourth among all blockchains.



Read More: Bitcoin Dominates NFT Market with 86% Sales Increase in 24 Hours

Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. NewsOfBitcoin.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.