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Bitcoin-based non-fungible token collections are making a comeback after a period of decline over the past several months. The Bitcoin non-fungible token market declined mid-year after the initial hype that led to its resurgence subsided. Earlier this week, Bitcoin NFTs led by the BRC-20 NFTs, have regained their market strength, becoming the second most traded NFT collections in the NFT market.
Data compiled by Cryptoslam.io, an on-chain crypto market data aggregator and non-fungible token market explorer tracking NFTs from more than 20 blockchain networks, indicates that the Bitcoin NFT market has experienced a significant surge this week. Over the past 24 hours, Bitcoin-based NFT collections have generated a trading sales volume of $1 million. During this period, Bitcoin ranks second in the NFT market, closely following Ethereum, which has a trading sales volume of $2.4 million.
On the other hand, BNB Chain, a high-speed, low-cost blockchain net designed for decentralized applications (dApps), including NFTs, GameFi, and DeFi, and Base, a secure, low-cost Ethereum Layer-2 network developed by Coinbase that offers fast, scalable infrastructure for NFTs, were the third and fourth most traded blockchain networks in the NFT market. In the past 24 hours, the BNB Chain and Base NFT series have generated trading sales volumes of $948,279 and $824,637, respectively.
During this period, the trading sales volume of Ethereum, Bitcoin, BNB Chain NFTs, and BNB Chain NFTs are up by +2%, 35%, 4.5%, and 75%, respectively. Over the past week, the number of people buying NFTs has experienced a notable resurgence, although the NFT market has not yet fully returned to its initial peak. Below, we have listed some of the top-selling NFT collections on the Bitcoin NFT blockchain network this week:
$ORDI, a non-fungible token collection created on the Bitcoin blockchain network using BRC-20 token standard and ordinal protocol, is the most sold non-fungible token collection in the Bitcoin NFT market this week. In the past 24 hours, the $ORDI +BRC-20 NFT collection has amassed a trading sales volume of $410,156. This NFT collection landed in the NFT market a few days ago.
$?S, a non-fungible token collection created on the Bitcoin blockchain network using the BRC-20 protocol, is the second top-selling non-fungible token collection in the Bitcoin NFT market this week. In the past 24 hours, the $?S BRC-20 NFT collection has recorded a trading sales volume of $139,672. During this period, the $?S BRC-20 NFT trading sales volume has surged by over 1,000% from the previous day.
$??, another non-fungible token collection created on the Bitcoin blockchain network using the popular BRC-20 protocol, is the third top-selling non-fungible token collection in the Bitcoin NFT market this week. In the past 24 hours, the $?? BRC-20 NFT collection has recorded a trading sales volume of $134,988. During this period, the $?? BRC-20 NFT trading sales volume has plunged by 75% from the previous day.
$BTC, another non-fungible token series exclusively created on the Bitcoin blockchain network using the popular BRC-20 protocol, is the fourth top-selling non-fungible token collection in the Bitcoin NFT market this week. In the past 24 hours, the $BTC BRC-20 NFT series has recorded a trading sales volume of $68,340. During this period, the $BTC BRC-20 NFT sales volume has remained constant from the previous day.
NodeMonkes, one of the largest non-fungible token collections featuring a limited edition of 10,000 NFTs created on the Bitcoin blockchain network using the ordinal protocol, is the fifth most-selling NFT collection in the Bitcoin NFT market this past week. In the past 24 hours, the NodeMonkes NFT collection has recorded a trading sales volume of $50,172, representing a 278% increase from the previous day.
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