In just four months, as of February 7, 2023, non-fungible token (NFT) sales on the Bitcoin blockchain have soared to $463.68 million. This growth has propelled the network to consistently achieve the second highest number of monthly NFT sales ever since. Despite this impressive increase over the past four months, Bitcoin’s total NFT sales figures lag those of seven other blockchain networks.
Bitcoin Blockchain Gaining Momentum in NFT Sales, Ranked 8th Among Leading Networks
Ethereum has long reigned as the dominant force in NFT sales and continues to hold that title. Nevertheless, Bitcoin has made impressive progress climbing the ranks of nearly two dozen blockchain networks when it comes to NFT transactions.
According to data captured by cryptoslam.io, Bitcoin currently ranks eighth out of the 22 blockchain networks that have documented NFT sales. It is worth noting that NFT sales data for BTC started on February 7, exactly 148 days ago, while many other blockchains have been recording NFT sales for significantly longer.
The top ten blockchains in terms of all-time NFT sales.
Outperforming Bitcoin in terms of total sales volume are several prominent chains, namely Ethereum, Ronin, Solana, Flow, Polygon, Cardano, and Wax. The revenue generated by the Wax blockchain alone surpasses Bitcoin’s total numbers by $25.59 million.
About 119 days ago, approximately on March 8, Bitcoin sales gained significant momentum. While Bitcoin-based NFTs do not currently claim a position in the top ten most expensive NFT sales, an NFT rooted in BTC secures the 11th spot, raising $4.7 million three months ago.
All-time BTC-based NFT sales since February 7, 2023.
Moreover, the BTC-based Space Pepe #8,253 claimed the 12th position and made a remarkable sale of $4.56 million just two months ago. Bitcoin NFTs also lead the 13th and 14th positions in terms of all-time best NFT aggregate sales.
BTC Artifacts TNT #20,817 had a price tag of $4.48 million three months ago, while an Uncategorized Ordinal fetched $4.45 million just two months earlier. In addition, another Uncategorized Ordinal secures the 20th spot of the most valuable NFTs of all time, sold three months ago for $3.83 million.
Notably, while the other alternative blockchain digital collectibles in the top 20 most valued sales were sold somewhere between a year and two years ago, the BTC NFT sale that amassed millions in value happened more recently. When it comes to collections, BTC is in a lower position, with the Uncategorized Ordinals collection ranked 27th in all-time stats.
Ronin takes the lead and secures the top spot, while Flow claims a respectable fifth position. The remaining 24 collections, positioned below 27th, are all Ethereum-based NFT collections. While Bitcoin blockchain sales have attracted attention recently, with a total of $463.68 million in total sales, Bitcoin’s figure pales in comparison to Ethereum’s staggering $43.68 billion in total sales, as well as Ronin’s $ 4.2 billion and Solana’s $4 billion in NFT sales.