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Journalist
- Bitcoin now accounts for 40% of NFTs.
- The top NFTs now include three Bitcoin collections.
Introduction of Bitcoin [BTC] NFT Ordinals were the first NFT inscriptions on the platform. BTC NFTs have now surpassed other NFTs in the rankings.
Recent data shows that Bitcoin has the largest market share of all NFTs.
Bitcoin dominates NFT volumes
Data Analysis from NFT Pulse Shown that Bitcoin Currently, the NFT Market has the largest volume. The total volume of trades on this platform is $195,000,000 at the moment of writing. Bitcoin accounts for $79.4,000,000 of that volume.
The market share is now 40.7%. This marks a major shift in trends from the past, when Ethereum was dominant.
The records also show its gradual rise from the second highest market share, to its current market leadership position in NFT trading volumes.
NFT Pulse
The Bitcoin NFT collection is the top competitor
Data from DappRadarThree Bitcoin Collections have occupied positions in the top 10 NFT collection. In the NFT market, Runestone has emerged as a prominent player in the past 30 days.
Runestone is currently the most popular. Over 48,000 traders have joined the platform, and its volume has increased by 100%.
Runestone has gained in popularity due to recent discussions regarding an upcoming token airdrop and launch.
DappRadar also reveals that Ordinal Maxi, NodeMonkez, and NodeMonkez are ranked eighth and ninth, respectively.
What is the new NFT leader?
More analysis of Crypto Slam Shown that Bitcoin Currently, the largest network in terms of NFT volume is adobe. It has clocked up a total of $24 million worth of sales in the past 24 hours.
Ethereum is ranked second with sales of $10,2 million.
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A Bitcoin collection is the most popular, with sales of over $10,000,000. When looking at longer-term data, the 7-day and 30-day sales figures confirm Bitcoin’s dominant position in NFT.
In the last seven days alone, the collection generated over $51.6m in sales. Over the course of 30 days it generated over $169m, solidifying the company’s position as the leader of the NFT industry.