Bitcoin-based non-fungible token collections are making a comeback after a period of decline in recent months. The Bitcoin non-fungible token market declined mid-year after the initial hype that led to the revival subsided. Earlier this week, Bitcoin NFTs led by the BRC-20 NFTs regained their market power and became the second most traded NFT collections in the NFT market.
Bitcoin NFTs will be back soon
Data collected by Cryptoslam.ioan on-chain crypto market data aggregator and non-fungible token market explorer that tracks NFTs from over 20 blockchain networks, indicates that the Bitcoin NFT market has seen a significant increase this week. Over the past 24 hours, Bitcoin-based NFT collections have generated $1 million in trade sales volume. During this period, Bitcoin ranks second in the NFT market, closely followed by Ethereum, which has a trading sales volume of $2.4 million.
On the other hand, BNB Chain, a fast and 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 provides fast, scalable infrastructure for NFTs, were the third and fourth most traded blockchain networks in the NFT market. Over the past 24 hours, the BNB Chain and Base NFT series have generated trading volumes of $948,279 and $824,637, respectively.
During this period, trading sales volume of Ethereum, Bitcoin, BNB Chain NFTs and BNB Chain NFTs increased by +2%, 35%, 4.5% and 75% respectively. Over the past week, the number of people purchasing NFTs has seen a notable resurgence, although the NFT market has not yet fully returned to its original peak. Below we’ve listed some of the best-selling NFT collections on the Bitcoin NFT blockchain network this week:
1.$ORDI+BRC-20 NFT Collection
$ORDI, a non-fungible token collection created on the Bitcoin blockchain network using the BRC-20 token standard and ordinal protocol, is the top-selling non-fungible token collection on the Bitcoin NFT market this week. In the last 24 hours, the $ORDI +BRC-20 NFT collection has reached a trading sales volume of $410,156. This NFT collection hit the NFT market a few days ago.
Source: Cryptoslam.io
2.$?S BRC-20 NFT Collection
$?S, a non-fungible token collection created on the Bitcoin blockchain network using the BRC-20 protocol, is the second best-selling non-fungible token collection on the Bitcoin NFT market this week. In the last 24 hours, the $?S BRC-20 NFT collection has registered a trading sales volume of $139,672. During this period, trading volume of the $?S BRC-20 NFT increased by more than 1,000% from the previous day.
3.$?? BRC-20 NFT Collection
$??, another non-fungible token collection created on the Bitcoin blockchain network using the popular BRC-20 protocol, is the third best-selling non-fungible token collection on the Bitcoin NFT market this week. In the last 24 hours the $?? The BRC-20 NFT collection has registered a trade sales volume of $134,988. During this period the $?? BRC-20 NFT trading volume is down 75% from the previous day.
4.$BTC BRC-20 NFT Collection
$BTC, another non-fungible token series created exclusively on the Bitcoin blockchain network using the popular BRC-20 protocol, is the fourth best-selling non-fungible token collection on the Bitcoin NFT market this week. In the last 24 hours, the $BTC BRC-20 NFT series has registered a trading sales volume of $68,340. During this period, $BTC BRC-20 NFT sales volume has remained constant compared to the previous day.
5. NodeMonkes NFT Collection
NodeMonkes, one of the largest non-fungible token collections with a limited edition of 10,000 NFTs created on the Bitcoin blockchain network using the ordinal protocol, is the fifth most sold NFT collection on the Bitcoin NFT market over the past week. Over the past 24 hours, the NodeMonkes NFT collection has recorded a trade sales volume of $50,172, marking a 278% increase from the day before.
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