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Bitcoin ordinal sales spike 1,816% as NFT market sees resurgence

Bitcoin ordinal sales spike 1,816% as NFT market sees resurgence

GrafaGrafa2024/10/19 16:00
By:Mahathir Bayena

This week saw a significant surge in non-fungible token (NFT) sales, with overall activity rising by 22.38%.

According to data from cryptoslam.io, total NFT sales reached $92.95 million, with Ethereum (CRYPTO:ETH) and Bitcoin (CRYPTO:BTC) leading the way.

Ethereum topped the charts, collecting $33.61 million, a 31.7% increase from the previous week.

Bitcoin followed closely, with its NFT sales hitting $21.41 million, marking a 35.6% jump.

One of the most notable developments was the surge in Bitcoin’s Uncategorized Ordinals collection, which saw sales skyrocket by 1,816% to $4.86 million.

This spike contributed to a broader trend of increasing sales in Bitcoin-centric NFTs.

In third place, Solana-based (CRYPTO:SOL) NFT sales rose by 40.87%, generating $16.69 million.

Among the top-selling NFT collections, Mythos' (CRYPTO:MYTH) Dmarket led with $5.23 million in sales, although this represented a 31.09% decrease from the previous week.

Bitcoin’s Uncategorized Ordinals came in second, and the Guild of Guardians (CRYPTO:GOG) from Immutable X claimed the third spot with $3.02 million in sales, showing a modest 1.39% growth.

The most expensive NFT sold during the week was an Uncategorized Ordinal that fetched $4.55 million, while an Ethereum-based Tokenvestingplans NFT sold for $913,526.

The renewed interest in digital collectibles suggests a growing diversity within the NFT ecosystem, as Bitcoin Ordinals and Solana-based NFTs gain traction alongside Ethereum.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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