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Bitcoin NFT market thriving as it exceeds Ethereum sales by millions 3m ago by cryptoslate.com

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Quick Take

Bitcoin fees recently began outpacing Ethereum fees for the first time in three years. This development appears to be driven by an increase in BRC-20 token inscriptions, which have led to a surge in transaction fees, creating a net positive outcome for miners.

Further, Bitcoin blockchain NFT sales have exceeded those on Ethereum over the past 30 days, with recorded sales of over $312 million compared to Ethereum’s $304 million, according to Cryptoslam.

A deeper delve into the NFT sphere reveals that BRC-20 NFTs are leading the sales volume ranking, with a substantial $83 million in sales in the past 30 days. This significantly trumps the sales value of the Bored Ape Yacht Club, which stands at $42 million. Further, there has been a remarkable 398% increase in buyers for BRC-20 NFTs within the past month, according to Cryptoslam.

Rank
Blockchain
Sales (USD)
Change
Wash (USD)
Change
Total (USD)
Change
Buyers
Change

1
Bitcoin
$311,634,586
2395.70%
$7,603,003
108781.40%
$319,237,589
2455.16%
2,854
73.81%

2
Ethereum
$304,292,807
52.88%
$285,866,535
145.13%
$590,159,342
86.96%
70,423
0.54%

Source: cryptoslam

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