Bitcoin NFT Weekly Trading Volume Surges by 33%

IconCryptoNewsTerminal Staff19 Jul, 2024

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Bitcoin NFT Weekly Trading Volume Surges by 33%

According to data from CryptoSlam, the weekly trading volume of Bitcoin-based NFTs has experienced a significant 32.97% increase compared to the previous week, reaching $20.26 million. This growth contrasts with the 0.64% decline in trading volume for Ethereum NFTs and the modest 9.09% increase for Solana NFTs during the same period. The surge in Bitcoin NFT trading volume suggests a growing interest in NFTs on the Bitcoin blockchain. This trend is likely driven by the advantages that Bitcoin offers, including its established network, strong security, and low transaction fees. As the NFT market continues to evolve, it will be interesting to see if Bitcoin NFTs continue to gain traction and challenge the dominance of Ethereum-based NFTs.

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