Bitcoin NFTs all time sales volume reached $4B
With a 54% drop in sales in May, digital collections on Bitcoin have reached a new milestone.
On June 4, NFT data tracker CryptoSlam revealed that the total all-time sales volume of NFTs on the Bitcoin blockchain has exceeded $4 billion. The data combines NFT sales, $3.97 billion, and bath sales, $82 million.
In the last 30 days, the sales volume of Bitcoin-based NFTs has reached 171 million dollars, which is the highest position in the sales volume of the blockchain. Following the network was Ethereum, which had $159 million, and Solana, which recorded $90 million last month.
Bitcoin NFTs are still far from Ethereum
Although Bitcoin-based NFTs are leading the charts in 30-day volumes, the network is only the fourth largest blockchain in terms of sales. It follows Ronin's block, which holds the top three spots in all-time sales at $4.2 billion.
Solana-based NFTs hold the second spot with all-time sales of $5.5 billion. Meanwhile, the Ethereum network holds the top spot for NFT sales, with a record high of $43.8 billion.
Bitcoin NFTs were also hit by the market crash.
The broader NFT market also saw lower sales volume in May. On May 31st, CryptoSlam reported a 54% decrease in monthly NFT sales volume compared to April. In April, NFTs saw sales of more than $1 billion, while May recorded a volume of $624 million.
The decline in sales has also affected Bitcoin-based collections. The data shows that Bitcoin-based NFTs saw a 68% drop in sales in May.
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The price of Bitcoin transactions is high every year.
In addition to Bitcoin NFTs recording a new all-time milestone for sales, the network also saw a new record in transaction value. On May 28, Bitcoin (BTC) transactions reached an estimated value of over $25 billion, the highest in the last year.
Bitcoin Explorer Blockchain.com showed that on May 28, Bitcoin holders moved about 367,000 BTC through the blockchain.
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