In November, Bitcoin took the leading position in monthly non-fungible token (NFT) sales, and interestingly, Bitcoin maintained its top status this month, with total sales of $853 million.
NFT Sales Surge: Bitcoin takes top spot with unprecedented surge in December
Although NFT sales fell last week, down more than 35% from the previous week, there was a record $1.7 billion in NFT transactions in December. This marked an increase of more than 69% compared to November’s figures, with Bitcoin continuing to dominate NFT sales across blockchains. Additionally, BTC-based NFT sales rose 127.63% above the chain’s November totals, according to cryptoslam.io statistics.
In December, Bitcoin’s NFT sales totaled $853 million, while Ethereum’s NFT sales totaled $364.79 million. BTC-focused NFT sales surpassed those of ETH and were 2.34 times larger in December. Solana took third place with approximately $325.14 million in NFT sales, a 312% increase over November’s Solana-focused NFT numbers. After the top three, Polygon and Arbitrum were the next leading blockchains in NFT sales.
December’s highest valued NFT transaction was a digital copy of Vincent van Gogh’s Self-Portrait, 1888 (Van Gogh’s painting no. 216), which fetched a price of $1.19 million. Ethereum hosted the sale of Frxethredemption Ticket #33, which raised $638,433 this month. Additionally, Cardano’s Deep Vision #05128 grossed $551,750, while BNB’s Lockdealnft #91 grossed $329,824. Rounding out the list of December’s five most expensive NFTs was Solana’s Boogle #009, which sold for $274,209.
Of the top ten NFT collections in terms of revenue, seven come from the Bitcoin blockchain. Solana’s Tensorians took fifth place in terms of sales and the chain’s Mad Lads collection was eighth. Arbitrum’s Sentry Node collection reached ninth position last month. In December, there were 11,290,812 NFT transactions between 469,389 sellers and 600,744 NFT buyers.
As Bitcoin takes the top spot in NFT sales for November and December and racks up impressive numbers, the crypto community is watching with bated breath. Will this be a continuing trend or a fleeting moment of dominance in the NFT world? Only time will tell if Bitcoin can maintain its lead or if the tide will turn, reshaping the landscape of NFT sales in the blockchain world.
What do you think of December’s NFT sales? Share your thoughts and opinions on this topic in the comments below.
