Bitcoin Ordinals Sales Surpass Blue Chip ETH NFT Collections

Uncategorized Ordinals showcased higher volumes than Ethereum.

Last updated: February 12, 2024 4:29 AM

Published July 10, 2023 1:39 PM

Last updated: February 12, 2024 4:29 AM

Published July 10, 2023 1:39 PM

Bitcoin Ordinals Sales Surpass Blue Chip Eth Nft Collections

Bitcoin Ordinals are gaining ground in the NFT sector, challenging Ethereum’s dominance. According to CryptoSlam’s data, Bitcoin NFT sales surged by 8301% in the past 24 hours,

While Ethereum saw only a 1.33% increase. Collections like $INSC BRC-20 NFTs and Uncategorized Ordinals showcased higher volumes than top Ethereum projects.

Nft Collection Ranking By Sales Volume — NFT Collection Ranking by Sales Volume
Source: CryptoSlam

This shift suggests a growing interest in Bitcoin NFTs and highlights Ethereum’s struggle to maintain traction.

The Taproot-backed Bitcoin Ordinals also introduced BRC-20 fungible tokens, expanding their utility. Despite challenges, the developments show potential for further growth in the Bitcoin NFT space.

Also Read: BRC-69 Standard Removes Data Limit on Bitcoin Ordinals

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TAGGED:Bitcoin NFT

By Ronak Kumar

Ronak is a dedicated content writer with a keen eye for detail and a passion for blockchain and cryptocurrency. His interest in these fields was sparked through his work, and he continues to expand his knowledge in these areas. He loves to watch anime and binge watches during his free time.