Bitcoin NFT Dominance Revives to Highest Level in 2024 The no | 💎 NFT's & Metaverse Updates💎
Bitcoin NFT Dominance Revives to Highest Level in 2024
The non-fungible token (NFT) market has been dormant during the crypto winter, but the introduction of Bitcoin ordinals has injected new life. Today, Bitcoin NFTs account for over 50% of weekly NFT volume for the first time in 2024. In the week ending April 14, Bitcoin NFTs saw a weekly trading volume of almost $180 million out of a total NFT volume of $308 million across all chains, according to CryptoSlam data. This suggests a dominance level of 58.4% – the second-highest on record and the first time when it breaks above 50% this year.
