Over the past week, sales of NTFs based on Bitcoin have surged, overtaking Ethereum in total sales. This sudden increase was primarily driven by the popularity of Bitcoin Ordinals-based NFT collections, with NodeMonkes leading the way.
Image Source: CryptoSlam (7-day blockchain by NFT sales volume)
Bitcoin NFT sales soared by 80% compared to the previous week, reaching $168.5 million, while Ethereum sales amounted to $162 million, as reported by CryptoSlam!
In January 2023, Ordinals was launched, allowing users to create NFT-like assets by embedding files, like images, into satoshis (sats), the smallest Bitcoin units.
Image Source: CryptoSlam (7-day sales data)
Ordinals not associated with any specific collection saw the highest sales, totaling over $43 million across more than 47,000 transactions.
Following closely was the NodeMonkes collection, which is based on Bitcoin, generating over $41 million in sales, marking a nearly 170% increase from the previous week. The Natcats collection from Ordinals ranked fourth for the week, recording sales of over $10 million.
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