While the non-fungible token (NFT) market experienced a significant downturn in May, with overall sales dropping by 54%, digital collectibles built on the Bitcoin blockchain defied the trend, reaching a new high in total sales volume.
According to data from NFT tracker CryptoSlam, first reported by Cointelegraph, Bitcoin-based NFTs surpassed $4 billion in all-time sales volume on June 4., with the figure encompassing both legitimate sales ($3.97 billion) and wash trades ($82 million).
Bitcoin NFTs also led the pack in terms of sales volume over the past month, recording $171 million – edging out Ethereum ($159 million) and Solana ($90 million) for the top spot.
