{"id":80169,"date":"2024-06-04T07:48:37","date_gmt":"2024-06-04T11:48:37","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=80169"},"modified":"2024-06-04T07:48:40","modified_gmt":"2024-06-04T11:48:40","slug":"bitcoin-nfts-reach-4b-in-total-sales","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitcoin-nfts-reach-4b-in-total-sales\/","title":{"rendered":"Bitcoin NFTs Reach $4B in Total Sales"},"content":{"rendered":"\n

Despite a 54% drop in overall NFT sales<\/a> in May, Bitcoin NFTs surpassed $4 billion in total sales volume by June 4.<\/p>\n\n\n\n

\"Bitcoin
Bitcoin NFTs Reach $4B in Total Sales<\/figcaption><\/figure>\n\n\n\n

In May, sales of nonfungible tokens (NFTs) as a whole decreased by 54%, whereas digital collectibles<\/a> on Bitcoin attained a new high.

NFT data tracker CryptoSlam disclosed on June 4 that the cumulative sales volume of NFTs on the Bitcoin blockchain surpassed $4 billion. The information was compiled from the laundry sales, amounting to $82 million, and the NFT sales, totaling $3.97 billion.

During the preceding thirty days, Bitcoin-based NFTs surpassed all other blockchains in terms of sales volume, amassing $171 million in sales. Subsequently, Solana amassed $90 million and Ethereum amassed $159 million, both of which were recorded in the previous month.<\/p>\n\n\n\n

Despite Bitcoin-based non-fungible tokens (NFTs) currently holding the highest 30-day volumes, the network ranks only fourth among blockchains in terms of sales. It adheres to the Ronin blockchain, which currently ranks third in terms of sales history with $4.2 billion.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

NFTs based in Solana are in second position with an all-time sales record of $5.5 billion. Conversely, the Ethereum network maintains its dominant position in terms of recorded NFT transactions, amounting to an impressive $43.8 billion.<\/p>\n\n\n\n

In May, the broader NFT market<\/a> also experienced decreased sales volumes. Compared to April, CryptoSlam reported a 54% decline in monthly NFT sales volume as of May 31. April witnessed sales exceeding $1 billion, whereas May witnessed a volume of $624 million.<\/p>\n\n\n\n

Collectibles denominated in Bitcoin were also impacted by the decline in sales volume. According to the data, sales of NFTs based on Bitcoin fell by 68% in May.<\/p>\n\n\n\n

In addition to Bitcoin NFTs reaching a new sales milestone, the network also witnessed an increase in transaction value. The estimated value of Bitcoin transactions\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> surpassed $25 billion on May 28, the greatest level in the past year.

Blockchain.com, a Bitcoin explorer, revealed that on May 28, Bitcoin proprietors transferred approximately 367,000 BTC on the blockchain. With a price of approximately $69,000 at the time, the transactions were valued at $25.5 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Despite a 54% drop in overall NFT sales in May, Bitcoin NFTs surpassed $4 billion in total sales volume by June 4. In May, sales of nonfungible tokens (NFTs) as a whole decreased by 54%, whereas digital collectibles on Bitcoin attained a new high. NFT data tracker CryptoSlam disclosed on June 4 that the cumulative […]<\/p>\n","protected":false},"author":36,"featured_media":80171,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[152,470,19826],"class_list":["post-80169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-nfts","tag-total-sales"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/0_YQPVZRabo4nC6Px6.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/80169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=80169"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/80169\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/80171"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=80169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=80169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=80169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}