Bitcoin NFT market thriving as it exceeds Ethereum sales by millions

Quick Take

Bitcoin fees recently began outpacing Ethereum fees for the first time in three years. This development appears to be driven by an increase in BRC-20 token inscriptions, which have led to a surge in transaction fees, creating a net positive outcome for miners.

Further, Bitcoin blockchain NFT sales have exceeded those on Ethereum over the past 30 days, with recorded sales of over $312 million compared to Ethereum’s $304 million, according to Cryptoslam.

A deeper delve into the NFT sphere reveals that BRC-20 NFTs are leading the sales volume ranking, with a substantial $83 million in sales in the past 30 days. This significantly trumps the sales value of the Bored Ape Yacht Club, which stands at $42 million. Further, there has been a remarkable 398% increase in buyers for BRC-20 NFTs within the past month, according to Cryptoslam.

Rank Blockchain Sales (USD) Change Wash (USD) Change Total (USD) Change Buyers Change
1 Bitcoin $311,634,586 2395.70% $7,603,003 108781.40% $319,237,589 2455.16% 2,854 73.81%
2 Ethereum $304,292,807 52.88% $285,866,535 145.13% $590,159,342 86.96% 70,423 0.54%

Source: cryptoslam

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