Bitcoin-based NFTs have flipped Ethereum in weekly sales volume in a rally led by uncategorized Bitcoin Ordinals and the NodeMonkes collection.
In this week’s newsletter, Bitcoin-based nonfungible tokens (NFTs) flipped Ethereum in weekly sales, and an Ordinals trader recovered their Bitcoin after a mistaken transaction. Read about Coachella and OpenSea collaborating on three NFT collections, find out how The Sandbox executives feel about NFTs and the metaverse in an exclusive interview, and a rare CryptoPunk sold for $16 million.
Bitcoin Ordinals-based NFT collections surpassed Ethereum NFTs in weekly sales after a spike in volume led by the collection called NodeMonkes. The sales of Bitcoin NFTs recorded $169.5 million in volume, going up by 80% week-over-week. Ethereum, the top blockchain in all-time NFT sales, had $162 million in the same week.
Uncategorized Ordinals — NFTs that are not part of any collections — had the most sales, with $43 million in volume across 47,000 transactions. The NodeMonkes collection followed in second place, with $41 million in sales volume.
