Bitcoin Blockchain Gains Momentum in NFT Sales, Ranks Eighth Among Leading Networks
Hey there, fellow Lolacoin readers! We’ve got some big news in the world of NFTs. While Ethereum has been ruling the roost for quite some time, Bitcoin is making some serious moves and climbing up the ranks among blockchain networks when it comes to NFT transactions. Let’s break it down for you:
- Bitcoin is currently the eighth largest blockchain network for NFT sales.
- Other chains like Ethereum, Ronin, Solana, Flow, Polygon, Cardano, and Wax are ahead of Bitcoin in terms of total sales volume.
- Wax alone surpasses Bitcoin’s sales figures by a whopping $25.59 million.
- Bitcoin-based NFTs may not claim the top spots in terms of expensive sales, but they’re making their mark in the top 20.
- Bitcoin NFT sales that fetched millions of dollars have happened relatively recently, unlike other blockchain networks.
Now, let’s talk collections. Bitcoin finds itself in a lower position, ranking 27th in all-time statistics. Ronin takes the top spot, while Flow sits comfortably at fifth. The rest of the collections below 27th place are all Ethereum-based.
Here’s the thing, though. While Bitcoin’s sales have been impressive with a total of $463.68 million, it’s nowhere near the mind-boggling figures of Ethereum, which boasts a whopping $43.68 billion in all-time sales. And let’s not forget Ronin’s $4.2 billion and Solana’s $4 billion in NFT sales.
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