Bitcoin price fell to as low as US$65,000 after trading around its all-time high throughout the week but sales volume of the network’s non-fungible tokens (NFT) stole the spotlight on Friday.
Bitcoin emerged as the top blockchain for NFTs over the past 24 hours, recording over US$22.2 million, as of 1:40 p.m. ET.
This represents an increase of 76.04% from the previous day’s sales of US$12.6 million.
The number of NFT transactions also rose by 19%, from 5,744 to 6,835, indicating a surge in activity on the Bitcoin blockchain.
Following closely behind Bitcoin are Ethereum and Solana, which ranked second and third respectively.
Ethereum recorded sales of over US$14.8 million, a decrease of 15.72% from Thursday, while Solana had US$8.7 in sales, a 4.22% drop.
Polygon, an Ethereum scaler, also made notable strides in the past 24 hours.
Despite ranking fourth, it recorded a significant sales increase of 65.32%, from US$1.17 million to US$1.94 million.
However, Polygon experienced a slight decrease in transactions by 2.2%, from 53,247 to 52,076.
Friday’s performance raises Bitcoin’s NFT all-time sales volume to US$2.8 billion, ranking it fourth among all blockchains.
More Stories
Space And Time Partners with Sui Network to Enhance Data Indexing For Developers
All 21 Million Bitcoin Already Exist Waiting To Be Unlocked By Auction
$85,000 BTC? – Bitcoin Breaks Out, Nearing New All-Time Highs As Analysts Weigh Possible Next Leg Up