Bitcoin Reigns Supreme in NFT Market With Record-Breaking $853 Million in December Sales
In November, Bitcoin clinched the leading position in monthly non-fungible token (NFT) sales, and interestingly, this month Bitcoin continued to retain its top status, amassing a total of $853 million in sales.
NFT Sales Surge: Bitcoin Holds Top Spot With Unprecedented December Rise
Although NFT sales have declined in the past week, falling over 35% from the previous week, December witnessed a record-breaking $1.7 billion in NFT transactions. This marked an increase of more than 69% compared to November’s figures, with Bitcoin continuing to dominate NFT sales across blockchains. Moreover, BTC-based NFT sales soared 127.63% above the chain’s November totals, according to cryptoslam.io statistics.
In December, Bitcoin’s NFT sales reached $853 million, while Ethereum’s NFT sales totaled $364.79 million. BTC-focused NFT sales outpaced ETH’s, being 2.34 times greater in December. Solana secured the third spot with about $325.14 million in NFT sales, experiencing a 312% increase from November’s Solana-centric NFT figures. Following the top three, Polygon and Arbitrum were the subsequent leading blockchains in NFT sales.
The highest-valued NFT transaction of December featured a digital copy of Vincent Van Gogh’s Self-portrait, 1888 (Van Gogh’s painting #216), which commanded a price of $1.19 million. Ethereum hosted the sale of Frxethredemption Ticket #33, bringing in $638,433 this month. Additionally, Cardano’s Deep Vision #05128 fetched $551,750, while BNB’s Lockdealnft #91 garnered $329,824. Completing the list of December’s five most costly NFTs was Solana’s Boogle #009, selling for $274,209.
Out of the top ten NFT collections in terms of sales, seven of them derive from the Bitcoin blockchain. Solana’s Tensorians took the fifth position in terms of sales and the chain’s Mad Lads collection held the eighth spot. Arbitrum’s Sentry Node collection took the ninth position this past month. In December there were 11,290,812 NFT transactions between 469,389 sellers and 600,744 NFT buyers.
As Bitcoin secures the top spot in NFT sales for November and December, amassing impressive figures, the crypto community watches with bated breath. Will this be a sustaining trend or a fleeting moment of dominance in the NFT world? Only time will tell if Bitcoin can maintain its lead or if the tides will turn, reshaping the landscape of NFT sales in the blockchain world.
What do you think about the NFT sales in December? Share your thoughts and opinions about this subject in the comments section below.
