The global non-fungible token market has started getting exciting again after trading volumes started soaring and digital collectible prices kept on rising. Bitcoin is leading the resurgence in the NFT market, with its trading sales volume rising +190% in the past 24 hours. This notable surge has pushed Bitcoin to become the leading blockchain network in the global NFT market, reclaiming market dominance from Ethereum.
Bitcoin Reclaims The NFT Market Dominance
Data compiled by cryptoslam.io , an on-chain crypto market data aggregator and a non-fungible token explorer exclusively backed by crypto billionaire Mark Cuban, indicates that Bitcoin has regained some traction in the NFT market, becoming the most-traded blockchain network. In the past 24 hours, Bitcoin NFTs have recorded a trading sales volume of $6.6 million, up 195% from the past day.
Bitcoin, the blockchain network renowned for its Ordinal, BRC-20 and Runes NFT collection, has just taken market dominance from the hands of Ethereum, which rose in dominance earlier this year after ordinals lost their initial traction. In the past 24 hours, the Ethereum-based NFTs have amassed a trading sales volume of $4 million, down 6.38% from the past day.
Solana, a public, open-source blockchain network that supports smart contracts, including non-fungible tokens and a variety of decentralized applications, takes the third position today. In the past 24 hours, the Solana-based NFT collection has raised a trading sales volume of $2.2 million. During this time, Mythos Chain and Polygon take the fourth and fifth spots, with a trading sales volume of $673,327 and $576,606, respectively.
Bitcoin’s Uncategorized Ordinals Lead In Daily Sales Volume
Bitcoin Ordinals NFTs, once hailed as a beacon of hope in the digital collectible community, are slowly resurfacing after suffering a brutal decline in the past several weeks. The Uncategorized Ordinals are leading this new comeback, with its trading sales volume pumping +8,000%. In the past 24 hours, the Uncategorized Ordinal collection has amassed a trading sales volume of $4.6 million.
Launched on the Bitcoin mainnet by Bitcoin developer Casey Rodarmor on January 20, 2023, Uncategorized Ordinals are NFTs created using the Satoshi Nakamoto Ordinal protocol. This category contains a diverse assortment of digital assets on the Bitcoin blockchain that have not yet been identified as part of an established collection. Ordinal Maxi Biz is another Ordinal that has recorded positive growth, pumping +108% to $517,825 in the past 24 hours.
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