Bitcoin Makes Another Comeback in the NFT Market – Its Daily NFT Sales Pump +190%

The global non-fungible token market has started to get exciting again after trading volumes began to skyrocket and prices for digital collectibles continued to rise. Bitcoin is leading the NFT market resurgence, with sales volume up +190% in the last 24 hours. This notable surge pushed Bitcoin to become the leading blockchain network in the global NFT market, regaining market dominance from Ethereum.

Bitcoin Reclaims NFT Market Dominance

Data compiled by cryptoslam.io, an on-chain crypto market data aggregator and non-fungible token explorer exclusively backed by crypto billionaire Mark Cuban, indicates that Bitcoin has regained some traction in the NFT market, thus becoming the most traded blockchain network. Over the past 24 hours, Bitcoin NFTs saw $6.6 million in sales volume, up 195% from the previous day.

Bitcoin, the blockchain network renowned for its Ordinal, BRC-20 and Runes NFT collection, just took market dominance from the hands of Ethereum, which gained dominance earlier this year after ordinals lost their initial appeal. Over the past 24 hours, Ethereum-based NFTs accumulated $4 million in commercial sales volume, down 6.38% from the previous day.

Solana, a public and open source blockchain network that supports smart contracts including non-fungible tokens and a variety of decentralized applications, is in third place today. Over the past 24 hours, the Solana-based NFT collection generated $2.2 million in commercial sales volume. Meanwhile, Mythos Chain and Polygon occupy the fourth and fifth places, with commercial sales volume of $673,327 and $576,606, respectively.

Ungraded Bitcoin Ordinals Lead in Daily Sales Volume

NFT Bitcoin Ordinals, once hailed as a beacon of hope in the digital collectibles community, are slowly resurfacing after suffering a steep decline in recent weeks. Unclassified Ordinals are leading this new comeback, with commercial sales volume reaching +8,000%. Over the past 24 hours, the Uncategorized Ordinal collection generated $4.6 million in sales volume.

Launched on the Bitcoin mainnet by Bitcoin developer Casey Rodarmor on January 20, 2023, Ungraded Ordinals are NFTs created using the Satoshi Nakamoto Ordinal protocol. This category contains a diverse assortment of digital assets on the Bitcoin blockchain that have not yet been identified as part of an established collection. Ordinal Maxi Biz is another Ordinal that saw positive growth, pumping +108% to $517,825 in the last 24 hours.

Related NFT News:

Most Wanted Crypto Launch – Pepe Unchained

• Layer 2 Coin Ecosystem
• Featured in Cointelegraph
• SolidProof and Coinsult audited
• Faceoff Rewards – pepeunchained.com
• Over $10M Raised at ICO – Ending Soon