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Home»BITCOIN NEWS»Bitcoin is roaring back in the NFT market. Solana flips on NFT trading sales.
BITCOIN NEWS

Bitcoin is roaring back in the NFT market. Solana flips on NFT trading sales.

By Crypto FlexsJanuary 25, 20243 Mins Read
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Bitcoin is roaring back in the NFT market.  Solana flips on NFT trading sales.
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Bitcoin, the leading cryptocurrency and the blockchain network that supports collections of non-fungible tokens, has experienced a strong resurgence, emerging as the second-largest NFT transaction blockchain network today. Bitcoin aims to surpass the Ethereum blockchain and become the leading NFT blockchain network again.

Bitcoin roars back in the NFT market.

Bitcoin has experienced a strong resurgence in NFT sales, according to data collected by on-chain market data aggregator Cryptoslam.io. Over the past 24 hours, trading volume for Bitcoin-based NFT collections surged 43% from the previous day to $8.2 million.

Bitcoin NFT

Ethereum, the largest blockchain network for NFTs during this period and currently Bitcoin’s strongest market competitor, took first place today. In the last 24 hours, the collection of non-fungible tokens hosted on the Ethereum blockchain recorded $8.9 million in transaction sales.

Solana, a public open-source blockchain that supports smart contracts, including non-fungible tokens and a variety of decentralized applications, took third place in NFT sales today. In the last 24 hours, Solana NFTs recorded a trading volume of $7.3 million.

A collection of non-fungible tokens hosted on Polygon, an Ethereum scaling solutions blockchain network and potential threat to Bitcoin, currently ranks fourth in NFT sales. In the last 24 hours, the Polygon-powered NFT collection recorded $2.9 million in transaction sales. Polygon NFT sales surged 66% from the previous day.

Best NFT Collection to Drive Bitcoin NFT Sales

1. Bitcoin Ordinal NFT Collection

bitcoin ordinalbitcoin ordinal

Bitcoin Ordinal, a collection of non-fungible tokens created on the Bitcoin blockchain network using Satoshi, the smallest denomination on the chain, is the best-selling Bitcoin NFT today. In the last 24 hours, Bitcoin Ordinal recorded $1.3 million in sales. Bitcoin Ordinals sales surged 31%.

2. $LIGO BRC-20 NFT Collection

$LIGO BRC-20$LIGO BRC-20

$LIGO, a collection of non-fungible tokens created on the Bitcoin blockchain network using the BRC-20 protocol, is another NFT collection that has contributed to the exponential surge in Bitcoin NFT sales. In the last 24 hours, the $LIGO BRC-20 NFT collection recorded $987,559 in transaction sales. $LIGO NFT sales surged 114% from the previous day.

3. $GBT BRC-20 NFT Collection

$GBT BRC-20$GBT BRC-20

$GBT, a collection of NFTs created on the Bitcoin blockchain network using the BRC-20 protocol, is another NFT collection that has contributed significantly to the surge in Bitcoin NFT sales. In the last 24 hours, the $GBT BRC-20 NFT collection recorded $658,345 in transaction sales, a 22% jump from the previous day.

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