Bitcoin is now the second largest chain by NFT volume

quick take

  • Bitcoin is currently the second largest chain in NFT volume.
  • The trend started in the first week of May and ended the period with $14 million, according to The Block.
  • By May 8, NFT trading volume had increased to $51 million, but dropped to $31 million the following week.
  • Ethereum continues to dominate NFT volume, consistently earning over $60 million on a week-to-week basis. Despite this, Bitcoin gained a large market share.
NFT Volume: (Source: The Block)

Post-Bitcoin is currently the second largest chain in terms of NFT volume, first appearing on CryptoSlate.

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