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Bitcoin, the blockchain network that powers both the flagship crypto Bitcoin and non-fungible token collections, has seen a strong resurgence today and has become the second largest NFT trading blockchain network. Bitcoin aims to outperform the Ethereum blockchain and once again become the flagship of the NFT blockchain network.
Bitcoin is roaring into the NFT market again
Data collected by Cryptoslam.io, an on-chain market data aggregator, shows that Bitcoin has experienced a strong resurgence in NFT sales. Over the past 24 hours, Bitcoin-based NFT collections have amassed a trade sales volume of $8.2 million, which represents a 43% spike from the previous day.
During this period, Ethereum, the largest blockchain network for NFTs and now the most robust market rival to Bitcoin, takes the top spot today. In the past 24 hours, non-fungible token collections hosted on the Ethereum blockchain have amassed a trading sales volume of $8.9 million.
Solana, a public, open-source blockchain that supports smart contracts, including non-fungible tokens and a variety of decentralized applications, ranks third in NFT sales today. In the last 24 hours, Solana NFTs have registered a trading sales volume of $7.3 million.
Non-fungible token collections hosted on Polygon, a blockchain network for Ethereum scaling solutions and a potential threat to Bitcoin, rank fourth in NFT sales today. In the past 24 hours, Polygon-based NFT collections have registered a trade sales volume of $2.9 million. Polygon NFT sales are up 66% from the previous day.
Top NFTs Collection That Boosts Bitcoin NFT Sales
1. Bitcoin Ordinals NFT Collection
Bitcoin Ordinal, a non-fungible token collection created on the Bitcoin blockchain network using satoshis, the smallest denomination on the chain, is currently the best-selling Bitcoin NFT. In the last 24 hours, Bitcoin Ordinals have amassed a sales volume of $1.3 million. Bitcoin Ordinals has increased by 31% in sales volume.
2. $LIGO BRC-20 NFT Collection
$LIGO, a non-fungible token collection created on the Bitcoin blockchain network using the BRC-20 protocol, is another NFT collection that has contributed to the exponential increase in Bitcoin NFT sales volume. In the last 24 hours, the $LIGO BRC-20 NFT collection has registered a trading sales volume of $987,559. $LIGO NFT sales volume has increased 114% in the past day.
3. $GBTS BRC-20 NFT Collection
$GBTS, an NFT collection created on the Bitcoin blockchain network using the BRC-20 protocol, is another NFT collection that has largely contributed to the significant increase in Bitcoin NFT sales. Over the past 24 hours, the $GBTS BRC-20 NFT collection has recorded a trade sales volume of $658,345, which represents a 22% spike from the previous day.
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