Bitcoin Tops Weekly NFT Sales as Three Transactions Distort a 66% Market Surge
Global NFT sales surged 66.58% to approximately $76.56 million over the seven days ending October 24, with Bitcoin unexpectedly overtaking Ethereum to become the largest blockchain by reported NFT sales. Bitcoin generated approximately $31.07 million, up 268.06% from the previous seven-day period, while Ethereum followed with $24.64 million and Polygon ranked third with $8.53 million. On the surface, those numbers suggest a sharp revival in NFT activity, but a closer examination shows that Bitcoin’s lead was overwhelmingly driven by a tiny number of unusually large transactions.
By Katharos Intelligence Editorial Team
Source: Katharos Intelligence
· 6 min
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