Bitcoin’s price fell as low as $65,000 after trading near its all-time high all week, but sales volume of the network’s non-fungible tokens (NFT) stole the spotlight on Friday.
Bitcoin has become the top blockchain for NFTs over the past 24 hours, reaching a record high of over $22.2 million as of 1:40 PM ET.
This represents an increase of 76.04% from the previous day’s revenue of US$12.6 million.
The number of NFT transactions also increased by 19%, from 5,744 to 6,835, indicating an increase in activity on the Bitcoin blockchain.
Closely behind Bitcoin are Ethereum and Solana, which are in second and third place respectively.
Ethereum posted revenues of over $14.8 million, down 15.72% from Thursday, while Solana had revenues of $8.7, down 4.22%.
Polygon, an Ethereum scaler, has also made notable progress in the past 24 hours.
Despite ranking fourth, it recorded a significant 65.32% increase in sales, from $1.17 million to $1.94 million.
However, Polygon experienced a slight decrease in the number of transactions by 2.2%, from 53,247 to 52,076.
Friday’s performance boosts Bitcoin’s all-time NFT sales volume to $2.8 billion, placing it fourth among all blockchains.