Ethereum

Solana

Bitcoin

Ronin

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Bitcoin-based NFTs hit a new milestone with total all-time sales volume over $4 billion.</li>
 <li>Ethereum remains the top network for NFT sales, despite Bitcoin leading in 30-day volumes.</li>
</ul>
In May, the nonfungible token (NFT) sector experienced a 54% decrease in sales.
However, a new achievement was noted in the realm of digital collectibles on <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>.
<h2 id="bitcoin-nfts-reach-new-milestone">Bitcoin NFTs Reach New Milestone</h2>
On June 4, NFT data tracker CryptoSlam reported that NFTs on the Bitcoin blockchain had an all-time sales volume exceeding $4 billion.
This figure includes $3.97 billion in NFT sales and $82 million in wash sales.
Over the past 30 days, Bitcoin-based NFTs have seen a sales volume of $171 million, making it the top blockchain in terms of sales volume.
It was followed by <a href="https://crypto.ro/en/cryptocurrencies/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a>, which had $159 million, and Solana, with $90 million in sales over the past month.
Despite Bitcoin-based NFTs leading in 30-day volumes, it is only the fourth-largest blockchain in terms of sales.
It trails the Ronin blockchain, which holds the third spot with $4.2 billion in all-time sales.
NFTs based on Solana hold second place, with a record $5.5 billion in all-time sales.
Meanwhile, the Ethereum network remains the leader in NFT sales, with a staggering $43.8 billion in recorded sales.
<h2 id="bitcoin-nfts-affected-by-market-slump">Bitcoin NFTs Affected by Market Slump</h2>
The wider NFT market also experienced lower sales volumes in May.
On May 31, CryptoSlam reported a 54% drop in monthly NFT sales volume compared to April.
In April, NFTs recorded over $1 billion in sales, while May saw a volume of $624 million.
This decline in sales volume also impacted Bitcoin-based collectibles, with a 68% decrease in sales in May.
In addition to Bitcoin NFTs recording a new all-time sales milestone, the network also saw a new high in transaction value.
On May 28, transactions on the Bitcoin network reached an estimated value of over $25 billion, the highest in the last year.
Blockchain.com, a Bitcoin explorer, showed that about 367,000 BTC were moved on the blockchain on May 28.
At that time, Bitcoin’s price was around $69,000, making the transactions worth $25.5 billion.

Bitcoin NFTs Reach Historic $4B Sales Milestone, Sparking Industry Buzz

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