Bitcoin is now the second largest chain by NFT volume

Quick Take

• Bitcoin is now the second-largest chain by NFT volume.
• According to The Block, this trend began in the first week of May, closing that period at $14 million.
• By May 8, NFT volume rose to $51 million but fell to $31 million the following week.
• Ethereum continues to dominate NFT volume, consistently achieving over $60 million on a week-over-week basis. Nonetheless, Bitcoin has taken a significant market share.

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