Cryptotimes

​​​​​​​ Bitcoin NFTs in Magic Eden generate $100 million in monthly volume in February.

After experiencing a slump last year, the NFT sector is once again showing its place in the Web3 arena.

After experiencing a slump last year, the NFT sector is once again showing its place in the Web3 arena. Bitcoin NFTs in Magic Eden generate $100 million in monthly volume in February. The results of the new analysis showed that NFTs based on the Bitcoin blockchain have been a factor in the digital revival. NFTs on Bitcoin gained popularity last year with the introduction of Ordinals.

 

Dune Analytics data shows that the exact monthly NFT Bitcoin trading volume at Magic Eden was $107,000,000. Bitcoin NFTs accounted for the majority of the total monthly trading volume at Magic Eden this month, which was over $175 million. After Solana Bitcoin, Ethereum and Polygon entered the market. Additionally, Magic Eden saw over 45,000 Bitcoin NFT buyers this month and over 97,000 Bitcoin NFT sellers listed on the platform. Statistics show that sales of Bitcoin-based NFTs increased when the price of BTC crossed $25,000.

 

9 of the highest value NFTs sold in May of last year were backed on the Bitcoin blockchain.

 

Now that NFT trading is booming again, Magic Eden plans to take advantage of this wave.

 

 

The Ethereum blockchain remains the number one in terms of NFT sales volume, reportedly reaching $200,000,000.

 

sara ras

Comments

Osman Razeq

It is amazing

jak

The NFT market is expanding a lot, and every day more people and companies are becoming aware of its functionality, for example, this year compared to last year, artists have earned more than 20 times from the sale of their artworks, which are in the form of NFT tokens. they came

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