Bitcoin NFT CryptoSlam introduced on June 4 that whole gross sales of Bitcoin NFTs exceeded $4 billion, a serious milestone. This included $3.97 billion in precise gross sales and $82 million in wash gross sales. This occurred regardless of the NFT market falling sharply in Might.
Bitcoin-based NFTs have proven sturdy efficiency over the previous 30 days. Their gross sales have been $171 million. This places Bitcoin on the prime of the listing of blockchain gross sales this month. Ethereum adopted with gross sales of $159 million, whereas Solana recorded $90 million.
Comparability with Ethereum and different blockchains
Regardless of the current success of Bitcoin NFTs, their total gross sales are nonetheless lagging behind. Ronin Blockchain Rating third with historic gross sales of $4.2 billion. Solana NFT ranked second with $5.5 billion. Ethereum nonetheless maintains its lead with a powerful $43.8 billion in gross sales.
Prime 5 blockchains by historic gross sales. Supply: CryptoSlam
In Might, the broader NFT market confronted a downturn. Gross sales have been down 54% in comparison with April. In April, market gross sales exceeded $1 billion. Solely $624 million was recorded in Might. This decline has additionally affected Bitcoin NFTs. Gross sales of Bitcoin-based collectibles fell 68% in Might.
Bitcoin buying and selling worth peaks
Bitcoin’s transaction worth hit a brand new document, whereas NFT gross sales have been additionally profitable. On Might 28, transaction quantity involving Bitcoin soared to $25 billion, setting a document for the previous 12 months. Blockchain.com information exhibits that Bitcoin holders transferred roughly 367,000 BTC that day. It’s price noting that on the time, the worth of Bitcoin was hovering round $69,000, with the entire worth of transactions reaching $25.5 billion.
Regardless of the market downturn, Bitcoin NFTs have achieved a serious milestone. It’s been sturdy these days, however Ethereum nonetheless dominates total gross sales. Bitcoin transaction quantity additionally hit a brand new yearly excessive, exhibiting the extent of exercise on the community.