Bitcoin NFTs have surpassed Ronin in all-time sales volume, marking a significant milestone for the cryptocurrency. According to data from NFT tracker CryptoSlam, Bitcoin NFTs have achieved a record sales volume of $4.29 billion, overtaking Ronin’s previous record of $4.27 billion.
This achievement can be attributed to the growing adoption and active community surrounding Bitcoin NFTs. Despite trailing behind Ethereum and Solana in terms of all-time high sales volume, Bitcoin NFTs have seen a significant increase in demand, with $22 million in sales over the past week.
While there has been a recent drop in overall NFT sales, Bitcoin has seen a 298% increase in active traders compared to last week. This is a clear indication of the growing interest in Bitcoin NFTs, despite some challenges such as high transaction fees and network congestion.
Despite these challenges, Bitcoin NFTs continue to gain popularity and are poised for further growth in the future. It remains to be seen how Bitcoin will continue to compete with other blockchain networks in the NFT space.
