Bitcoin NFTs help Magic Eden cross $100M in sales

midst the flourishing NFT sales on this platform, let’s delve intoBitcoin NFT volume leads on Magic Edenshowed that the NFT volume was over $106 million at the time of this writing. This meant that the volume comprised 61.5% of the network’s volume.

Further analysis of the data showed that the volume in the past month was around $81 million, which meant that there was significant growth in the current month.The data showed that the NFT sales volume on the network was over $286 million during this period. Further examination of the NFT collection sales rankings highlights that two collections from the Bitcoin network hold the second and third positions.

At the time of this writing, it also ranked second among networks with the highest sales volume, having achieved a sales volume of over $12 million. Notably, an uncategorized collection from Bitcoin led the collection sales ranking with over $2.4 million at the time of this writing.Despite the notable surge in Bitcoin NFT sales volume, an analysis of the fees on the Bitcoin network indicates a minimal impact.chart showed that, except for a peak on the 3rd of February when the fee surpassed $7 million, the fees have consistently remained in the $1 million range.Adewale is a full-time journalist at AMBCrypto.

Source: Digital Coin News (digitalcoinnews.net)

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