- Last week, Bitcoin recorded more NFT sales than Ethereum.
- BAYC's floor price has fallen to 2021 levels.
Sales volume of non-fungible tokens (NFTs) on Ethereum [ETH] The network has surged in the past two days, surpassing Bitcoin. [BTC]. However, according to crypto slam According to the data, the Bitcoin network remains in first place in trading volume for the entire week.
According to research by AMBCrypto, NFT sales on Ethereum from March 20th to 21st totaled $43 million, far 115% lower than Bitcoin's $20 million. However, his NFT sales on both networks evaluated over a seven-day period indicate more activity for Bitcoin.
During this period, NFT sales volume on the Bitcoin network reached $126 million in 50,000 transactions. According to CryptoSlam data, these sales were completed among his 49,228 unique sellers and 54,780 unique buyers.
Over the past 21 days, the USD equivalent value of all NFTs sold on the Bitcoin network was $408 million, an increase of 32% from the $307 million recorded in February.
Meanwhile, NFT sales on Ethereum last week totaled $108 million. This was recorded from a total of 134,178 completed transactions between 46,985 unique sellers and his 57,209 unique buyers.
BAYC value craters to new lows
An evaluation of Bored Ape Yacht Club (BAYC), a major NFT collection, reveals a significant drop in its lowest price since the beginning of the year.
According to data from NFT price flooras of March 22nd, BAYC Collection NFTs can be acquired at a floor price of 14.16 ETH, equivalent to approximately $50,000 at the altcoin's current price.
This was a 46% drop from the collection's lowest price of 26 ETH recorded on January 1st. The NFTs that make up the BAYC collection are currently on sale at their lowest prices since August 2021.
Source: NFT Floor Price
Capitalizing on the drop in BAYC value this month, market participants bought and sold more NFTs from collections than in February and January.
BAYC's sales so far this month total $33 million, 57% higher than February's $21 million and 94% higher than January's $17 million.
There are still eight days left until the end of March, but this month is already standing out as the highest-selling month of the year.
