Bitcoin NFTs help Magic Eden cross $100M in sales

• Bitcoin NFTs’ quantity climbed to over $100 million on the NFT platform.
• BTC collections have been featured among the many prime collections.

Magic Eden’s current knowledge revealed a considerable dominance of Bitcoin [BTC] NFT quantity on the community, setting a brand new report.

Amidst the flourishing NFT gross sales on this platform, let’s delve into the general development of Bitcoin NFT quantity over the previous 30 days.

Bitcoin NFT quantity leads on Magic Eden

AMBCrypto’s evaluation of the NFT quantity from completely different networks on Magic Eden confirmed that Bitcoin has emerged because the community with the best quantity in February to date.

Information from Dune Analytics confirmed that the NFT quantity was over $106 million on the time of this writing. This meant that the quantity comprised 61.5% of the community’s quantity.

Additional evaluation of the information confirmed that the quantity up to now month was round $81 million, which meant that there was vital development within the present month.

Supply: Dune Analytics

Bitcoin emerges second in total NFT quantity

In line with an evaluation of NFT quantity on Crypto Slam NFT, Bitcoin had the second-highest NFT quantity up to now 30 days.

The info confirmed that the NFT gross sales quantity on the community was over $286 million throughout this era. 

Additional examination of the NFT assortment gross sales rankings highlights that two collections from the Bitcoin community maintain the second and third positions.

On the time of this writing, it additionally ranked second amongst networks with the best gross sales quantity, having achieved a gross sales quantity of over $12 million.

Notably, an uncategorized assortment from Bitcoin led the gathering gross sales rating with over $2.4 million on the time of this writing.

Has the NFT quantity impacted community charges?

Regardless of the notable surge in Bitcoin NFT gross sales quantity, an evaluation of the charges on the Bitcoin community signifies a minimal affect.

How a lot are 1,10,100 BTCs worth today?

Crypto Fees’ chart confirmed that, aside from a peak on the third of February when the price surpassed $7 million, the charges have persistently remained within the $1 million vary.

The price was over $1.8 million on the time of this writing.