Bitcoin Flips Ethereum for the First Time in 24-Hour NFT Sales Shift 

On Wednesday, November 8, 2023, the Bitcoin blockchain saw its non-fungible token (NFT) plus income surpass those connected the Ethereum platform, marking a historical displacement during a single-day span. According to the analytics provided by cryptoslam.io, Bitcoin-based NFT transactions amounted to $17.17 million, eclipsing the $15.77 cardinal successful Ethereum NFT income recorded during the 24-hour period.

Bitcoin’s NFT Sales Eclipse Ethereum successful Single-Day Surge

The inclination for Bitcoin NFT transactions has seen an upward trajectory lately, and conscionable 3 days ago, Bitcoin.com News highlighted that Bitcoin had secured the runner-up spot for NFT income crossed a week. In a important first, Bitcoin’s Ordinal inscriptions, its unsocial marque of NFTs, exceeded Ethereum’s income implicit a 24-hour clip framework connected Wednesday.

NFT connoisseur Leonidas, the laminitis of Ord.io, documented this unprecedented lawsuit onchain, marking the juncture erstwhile Bitcoin-based NFTs leaped up of their Ethereum counterparts for the archetypal clip successful history. Leonidas said:

Breaking – Ordinals conscionable flipped Ethereum NFTs for the archetypal time. So of people I had to inscribe it into Bitcoin forever.

Recently, Ordinal inscriptions witnessed a noticeable downturn successful enactment that persisted for implicit a month. This diminution followed a highest successful regular mints; afterward, the fig of caller inscriptions faced a persistent conflict until October 24. However, the tide has turned since then, and by November 4, the second-largest number of inscriptions was recorded successful a azygous day, tallying 433,471.

Looking astatine a week’s show successful NFT sales, Ethereum has seen an increase, netting $79.61 cardinal since Wednesday, November 1, 2023, which represents a 45.66% emergence from the erstwhile week, arsenic reported by cryptoslam.io. In comparison, Bitcoin’s play NFT income besides enjoyed a rise, boasting a 661.60% summation from the anterior week with income hitting $55.52 million.

On Wednesday, the “$SATS BRC-20 NFTs” postulation outperformed the Bored Ape Yacht Club (BAYC) series, climbing to the apical of the income chart. Trailing BAYC, the “$RATS BRC-20 NFTs” secured the 3rd spot successful income implicit the past 24 hours. The chances of Bitcoin NFTs taking the upcoming week’s first-place spot are slim arsenic Ethereum is already up by $24.09 million.

What bash you deliberation astir Bitcoin flipping Ethereum for the archetypal clip successful presumption of regular NFT sales? Share your thoughts and opinions astir this taxable successful the comments conception below.