Bitcoin NFTs Eclipse Ethereum with $168.5 Million in Weekly Sales
Bitcoin (BTC) non-fungible token (NFT) sales have outshined Ethereum (ETH) in the past seven days, driven by a sudden surge in Bitcoin Ordinals-based NFT collections.
Led prominently by the NodeMonkes collection, the Bitcoin NFT market experienced an impressive 80% week-over-week growth, reaching a staggering $168.5 million in sales.
In contrast, Ethereum generated $162 million in NFT sales during the same period, according to data from CryptoSlam .
The rise of Bitcoin Ordinals has contributed significantly to this remarkable shift in the NFT landscape.
Launched in January 2023, Ordinals introduced a novel approach by allowing users to associate files, such as images, with satoshis (sats), the smallest unit of Bitcoin, essentially creating NFT-like assets on the Bitcoin blockchain.
Among the best-selling NFT collections of the week, three out of the top five were Bitcoin Ordinals-based.
The leading sales came from the uncategorized Ordinals, which generated over $43 million worth of sales through more than 47,000 transactions.
Following closely behind was the NodeMonkes collection, a Bitcoin-based series of 10,000 unique pixelated profile picture (PFP)-style Ordinals.
NodeMonkes recorded over $41 million in sales, marking a nearly 170% increase from the previous week.
The Natcats collection, another Ordinals-based project, secured the fourth position with over $10 million in sales.
NodeMonkes, launched in December, claims to be the first 10,000-strong collection on Bitcoin.
Although other 10,000-count Ordinals collections had emerged earlier, the NodeMonkes team engraved their collection onto the blockchain in February 2023, just a month after Ordinals’ initial release.
On March 2, user “NFTstats”
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