Magic Eden Generates $100 Million in Sales from Bitcoin NFTs
Journalist
Posted:
- The volume of Bitcoin NFTs is up on NFT rose over $100 million.
- BTC Collections were among the top collections.
The latest data from Magic Eden showed that Bitcoin has clear dominance. [BTC] NFT volume on the network sets a record.
You can also find out more about the A-Team here.Let’s explore the NFT market amidst the booming sales of this platform. The overall Bitcoin NFT volume growth over the last 30 days.
Magic Eden has a Bitcoin NFT volume lead.
AskFX analyzed the NFT volumes of the various networks on Magic Eden and found that Bitcoin was the network with the highest volume in the month of February.
Data from Dune Analytics showed that NFT volume exceeded $106 million as of the date of this article. The volume accounted for 61.5% of the network’s total volume.
Data analysis showed that the sales volume last month was about $81 million. This means that the growth rate in the current month is significant.
Source: Dune Analytics
Bitcoin ranks second in NFT volume
According to an analysis of NFT volume by Crypto Slam NFT, Bitcoin is the second highest in the last 30 days NFT volume on .
The NFT network’s sales volume during this period was $286 million.
The NFT collection ranking shows that the Bitcoin network is in second and third place in the sales ranking.
With a revenue volume of more than $12 million, it was also the second highest network in terms of revenue volume at the time of writing.
A collection of uncategorized Bitcoin items topped the sales rankings with more than $2.4 million at the time of writing.
How has NFT volume impacted network fees?
An analysis of Bitcoin’s network fees shows that the increase in Bitcoin NFT volume has had minimal impact.
What is the current value of 1,10,100 BTCs?
The crypto fees chart showed that fees remained in the $1,000,000 range, except for a spike on February 3rd when they exceeded $7 million.
At the time of writing, the fee was more than $1.8 million.
