Bitcoin NFT sales drop by 44%, still leads market

The Bitcoin blockchain continued leading the non-fungible tokens (NFTs) market on Tuesday despite sales volume dropping by 44.36%, as of 2:30 p.m. ET.

Bitcoin recorded US$12.2 million in NFT sales while the network’s native cryptocurrency dropped to as low as US$62,349, according to CryptoSlam.

About US$5 million of those sales came from Uncategorized Ordinals, a category of digital assets on the Bitcoin network that is not part of a collection.

NodeMonkes, a collection of 10,000 NFTs on Bitcoin, was the market’s highest-selling collection with US$2.5 million.

Ethereum and Solana extended Monday’s trend by trailing the Bitcoin network in NFT sales, with US$11.4 million and US$9.37 million respectively.

Ethereum’s Bored Ape Yacht Club, a blue-chip collection of 10,000 NFTs by Yuga Labs, experienced the highest sales surge among the top 10 collections on Tuesday, with sales rising almost 18% to US$1.6 million.

The Flow network had the largest sales rate surge with an 89% bump to US$400,842, the eighth-most in the market.

Polygon dropped to sixth place on Tuesday, with Mythos Chain overtaking the Ethereum scaler for fifth place, yet failing to surpass US$1 million in sales.

Mythos, a chain for in-game assets that powers its gaming ecosystem, recorded US$993,153 in NFT sales.