While sales of non-fungible tokens (NFTs) are down more than 38% over the past 30 days compared to the previous month, NFTs minted on the Bitcoin blockchain dominate, accounting for more than 44% of sales. Statistics from the past 30 days show that four of the five best-selling NFT collections all come from the Bitcoin blockchain.
Bitcoin’s dominant influence on NFT sales continues
Bitcoin continues to make progress in the NFT space, outperforming 24 unique blockchain networks, including Ethereum, over the past 30 days. According to data from cryptoslam.io, Bitcoin-based NFTs have amassed a total revenue of $3.43 billion, putting Bitcoin in fourth place behind Ethereum, Solana and Ronin.
Bitcoin is moving closer to overtaking Ronin’s all-time sales figure of $4.26 billion. From March 27 to April 27, 2024, Bitcoin recorded $457.62 million in NFT sales, of which only $716,035 may have been tied to wash trading. Ethereum secured the second spot with $262.37 million in sales during the same period, while Solana recorded $165.14 million in NFT sales, which ranks third in terms of sales volume.
In the same 30-day period, Cryptopunk #635 on Ethereum was the most expensive NFT sold, raising $12.41 million. The top sale on the Bitcoin blockchain was Bitcoin Ape #2,301, which made $459,436. This NFT is a byte-accurate transfer from the original Bored Ape Yacht Club (BAYC) to the Bitcoin blockchain via Ordinals. After Bitcoin Ape No. 2,301, eight other sales ranged from $254,062 to $354,801 each, all belonging to the Bitcoin Puppets collection.
In the past 30 days, four of the five best-selling NFT collections came from the Bitcoin blockchain. Uncategorized Ordinals led with revenue of $152 million, followed by Bitcoin Puppets with $71.84 million, WZRD digital collectibles with $34.81 million and Nodemonkes compilation with $34 million. Mythos’ Dmarket NFT collection ranks fifth, with $28.6 million in sales, according to cryptoslam.io’s 30-day statistics.
What are your thoughts on the Bitcoin-based NFT sales leading in the past month? Share your thoughts and opinions on this topic in the comments below.
