Insights

Bitcoin is now the second largest chain by NFT volume

exchange68September 13, 2024

0 3 1 minute read

Quick Take

Bitcoin is now the second-largest chain by NFT volume.
According to The Block, this trend began in the first week of May, closing that period at $14 million.
By May 8, NFT volume rose to $51 million but fell to $31 million the following week.
Ethereum continues to dominate NFT volume, consistently achieving over $60 million on a week-over-week basis. Nonetheless, Bitcoin has taken a significant market share.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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