Bitcoin-based NFTs have recorded a sales volume of $148 million in the past 30 days, according to CryptoSlam.
The Bitcoin network has climbed in the all-time non-fungible token (NFT) sales rankings, overtaking the Ronin blockchain, which previously held the third-highest record for all-time NFT sales. As of June 18, data from CryptoSlam showed that Bitcoin-based NFTs had reached an all-time sales volume of $4,271,928,280. This surpasses Ronin’s record of $4,271,675,550, making Bitcoin one of the top three blockchain networks for NFT sales, following Solana and Ethereum.
Source: CryptoSlam
In the last month, Bitcoin-based NFTs recorded $148 million in sales, ranking second for the month, just behind Ethereum with $157 million, and ahead of Solana with approximately $77 million. Despite these substantial figures, NFTs experienced a downturn in volume, with the top three chains showing at least a 40% decline in 30-day sales.
Jeff Zirlin, co-founder at Sky Mavis, the team behind the Ronin network, commented that broader adoption of NFTs is beneficial, though he noted that Bitcoin NFTs are still “primitive” and not focused on gaming. Zirlin explained that Web3 offers an alternative path for gaming, creating longer-lasting games through incentive alignment with core audiences and ownership-based revenue models.
On June 4, CryptoSlam data indicated that Bitcoin-based NFTs had surpassed $4 billion in all-time sales volume, combining $3.97 billion in NFT sales and over $80 million in wash sales. Despite this milestone, the broader NFT market saw a 54% decline in monthly sales volume from April to May, with sales dropping from over $1 billion in April to $624 million in May.
