Bitcoin Becomes 2nd Largest Chain in NFT Trading Volume
The previous week saw a surge in user activity in the NFT market, with total trading volume reaching $306 million over the course of seven days. Data from CryptoSlam revealed a 17.66% increase in digital collection transactions during this time period.
Two major blockchains, Bitcoin and Ethereum, experienced significant growth in NFT trading. Bitcoin saw a rise in NFT transaction volume, reaching second place with $70.96 million in completed trades.
Ethereum took the top spot with $145.913 million in transactions for holders of tokenized collections. In third place was Solana with $48.81 million in NFT trading volume for the week.
According to Block Research, the marketplace dominance of Blur has surpassed 78%, while OpenSea’s share has decreased to 18.7%.
On average, there is a daily trading volume of around $15 million for NFTs on Bitcoin. The Magic Eden and OKX marketplaces are responsible for the majority of these transactions.
Bitcoin 
Ethereum 
Tether 
BNB 
Solana 
USDC 
XRP 
Lido Staked Ether 
Dogecoin 
Toncoin 