The current sales volume of Bitcoin is around $173 million, while that of Ethereum is $ 391 million. Solana is securing the third position with a $53 million sales volume. Recently Bitcoin Frogs were popular and hit a record high transaction. Bitcoin blockchain has been popularized more because of Bitcoin frogs, a Meme coin NFT token.
A blockchain is best known for storing the data of transactions. They can not be altered because there is no way to change the blocks. Bitcoin blockchain has exploded into various cryptocurrencies, NFTs, DeFi, and smart contracts.
Bitcoins blockchain is decentralized so that there is no authority, and transactions are immutable and viewable to all. Bitcoin NFTs have been here for some time. But it is gaining growth at a faster rate.
Gone are the times when we hear that popular NFTs are linked with Ethereum or Solana. Now, the most popular NFTs are linked with Bitcoin blockchains. NFTs on Bitcoin are unique and secured. The first NFT released on Bitcoin is Rare Pepes.
NFTs can be created on Bitcoin with the Bitcoin Ordinals and other base layers. These layers can have smart contracts and can settle the transactions on the base layer. Bitcoin NFTs are inexpensive, sustainable, and scalable due to layers. They make minting and exchanging affordable and secure.
The famous BRC-20 tokens like ORDI, MEME, and PEPE have no utility attached. They were issued just for experimental purposes. Twitter user DOMO created ORDI to showcase the BRC-20 functionality that is created by ordinals.
The market is now changed to media-based ordinals. Hence shift from BRC-20 to Bitcoin NFTs is seen. In the past week, bitcoin-based NFTs were in the top 3. It was after the Bitcoin Frog Hype.
The top Bitcoin NFTs are space pepes, bitcoin frogs, and $ ORDI BRC 20 NFTs. The space pepes has sales of approximately $7M, bitcoin frog of approximately $5M, and $ ORDIBRC 20 NFTs of approximately $2M. BITAmigos is the top NFT in the last 24 hours.
In the first half of May, BRC-20 meme coins reached the $1 billion mark. The current market capitalization of BRC-20 tokens is $447 million.
Currently, the market capitalization of over BRC-20 tokens stands at $447 million.
Comparatively, the Bitcoin ecosystem appears a lot behind Ethereum. Bitcoin supports decentralized autonomous organizations.
It has the advantage of using integration with the $27.5 billion-strong decentralized finance ecosystem. BAYC and Azuki are much more advanced. They have metaverse projects which provide exclusive add-on to NFT holders.
CryptoPunks enjoy popularity due to their rarity. It is still on test to see how popular Bitcoin NFTs will remain. They still need to build their strong community. The market of bitcoin NFTs has been going up since January. Galaxy estimates this could be worth $4.5 billion by 2025.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
See the rest here:
Bitcoin NFT Blockchain Holds Second Space Defeating Solana - The Coin Republic
- Bitcoin Smart Contracts and Apps: Do They Even Exist? - Ledger - November 26th, 2023 [November 26th, 2023]
- Smart Contracts: Understanding and Mitigating Vulnerabilities | by ... - Medium - November 26th, 2023 [November 26th, 2023]
- SingularityNET Joins With Dfinity Foundation for AI Models That Run on Smart Contracts - Decrypt - November 26th, 2023 [November 26th, 2023]
- What is Blast? Staking-focused L2 Attracts Over $400M in 3 Days ... - CCN.com - November 26th, 2023 [November 26th, 2023]
- Layer 2 and Rollups | by SMC Research | Nov, 2023 - Medium - November 26th, 2023 [November 26th, 2023]
- Could Bitcoin Spark Outperform Chainlink This Bull Run? - A Look ... - CryptoPotato - November 26th, 2023 [November 26th, 2023]
- Kaspa - The biggest gainer of 2023 that rose by 2,500% is just another Bitcoin knockoff - FXStreet - November 26th, 2023 [November 26th, 2023]
- Fan mail and ETH tips sent to KyberSwap hacker who stole $48M - Blockworks - November 26th, 2023 [November 26th, 2023]
- Could One of These 7 Innovations End Traditional Coding by 2024? - Medium - November 26th, 2023 [November 26th, 2023]
- Heres why ChatGPT expects Cardano to hit $10 by the end of 2024 - AMBCrypto English - November 26th, 2023 [November 26th, 2023]
- If Cathie Wood Is Bullish on Solana, Should You Be Too? - The Motley Fool - November 26th, 2023 [November 26th, 2023]
- Breaking Chains: Unleashing the Power of Blockchain Technology ... - Medium - November 26th, 2023 [November 26th, 2023]
- 3 of the biggest blockchain tech developments in 2023 - Blockworks - November 26th, 2023 [November 26th, 2023]
- Exploring the Legal Retail Compliance of Placeholder Tokens' Rent ... - Medium - November 26th, 2023 [November 26th, 2023]
- Blockchain in Insurance Market Size Worth USD 57.57 Billion in 2032 | Emergen Research - Yahoo Finance - November 26th, 2023 [November 26th, 2023]
- DAstra Network: Which Blockchains Are Best Suited For Launchpad? - Blockchain Magazine - November 26th, 2023 [November 26th, 2023]
- Unleashing the Potential: The Future of Bitcoin Cash and Its ... - Geeks World Wide - November 26th, 2023 [November 26th, 2023]
- Ethereum Classic shows resilience amid mixed crypto market ... - Investing.com - November 26th, 2023 [November 26th, 2023]
- Liquidity Management in Crypto Payment Gateways: Strategies for ... - Analytics Insight - November 26th, 2023 [November 26th, 2023]
- David Brunk On Revolutionizing Legal Trust Through Smart Contracts - hackernoon.com - November 22nd, 2023 [November 22nd, 2023]
- why Smart Contracts are living up-to their name & how we Benefit ... - Medium - November 22nd, 2023 [November 22nd, 2023]
- Deep learning-based solution for smart contract vulnerabilities ... - Nature.com - November 22nd, 2023 [November 22nd, 2023]
- Staying safe in web3: your guide to dapps security - crypto.news - November 22nd, 2023 [November 22nd, 2023]
- Utility at a cost: Assessing the risks of blockchain oracles - S&P Global - November 22nd, 2023 [November 22nd, 2023]
- The Risks of DeFi: Navigating the Complex Terrain of Decentralized ... - Baltic Times - November 22nd, 2023 [November 22nd, 2023]
- Sam Altman's OpenAI exit won't stop the use of ChatGPT among ... - Blockworks - November 22nd, 2023 [November 22nd, 2023]
- Embark on the NFT journey with @sar! | by Msquare | Nov, 2023 - Medium - November 22nd, 2023 [November 22nd, 2023]
- 3 Cryptocurrencies Under $25 That Are Up More Than 100% This ... - The Motley Fool - November 22nd, 2023 [November 22nd, 2023]
- Friend.tech Total Value Locked Plummets 19% in One Weekend As New User Count Stays Flat: On-Chain Data - The Daily Hodl - November 22nd, 2023 [November 22nd, 2023]
- Libertum Launches Innovative Real Estate Investment Platform: Democratizing Property Investment - Yahoo Finance - November 22nd, 2023 [November 22nd, 2023]
- Crypto in the Real World: Practical Applications of Blockchain ... - Medium - November 22nd, 2023 [November 22nd, 2023]
- Avalanche gets the 'Ordinals' bump, sets new transaction record - Blockworks - November 22nd, 2023 [November 22nd, 2023]
- Web3 Identity: Why You Can't Get a Crypto Job - Medium - November 22nd, 2023 [November 22nd, 2023]
- Check Point Research Unraveling the Rug Pull: a Million-Dollar ... - Check Point Research - November 22nd, 2023 [November 22nd, 2023]
- JPMorgan Chase, Siemens, and FedEx show that blockchain finance is more than a buzzword - Fortune - November 22nd, 2023 [November 22nd, 2023]
- Brief Introduction to Blockchain Security Audits - LCX - November 22nd, 2023 [November 22nd, 2023]
- Bitcoin leads NFT market with surge in BRC-20 token sales By ... - Investing.com - November 22nd, 2023 [November 22nd, 2023]
- The Top 10 Crypto Projects That Are Making a Difference - Baltic Times - November 22nd, 2023 [November 22nd, 2023]
- "NFT DApps: Redefining Digital Asset Ownership in the Blockchain ... - Geeks World Wide - November 22nd, 2023 [November 22nd, 2023]
- Blockchain-Ads Goes Live on Partisia Blockchain, Redefining Digital ... - Newswire - November 22nd, 2023 [November 22nd, 2023]
- Bitget Wallet Debuts Task2Get, a Web3 Exploration Incentive Platform, with ZetaChain Interactive Campaign - Yahoo Finance - November 22nd, 2023 [November 22nd, 2023]
- Analysts: this memecoin could outperform Ethereum and Cardano in ... - crypto.news - November 22nd, 2023 [November 22nd, 2023]
- Moonriver (MOVR) Rises 31.65% Tuesday: What's Next for This Very Bullish Rated Crypto? - InvestorsObserver - November 22nd, 2023 [November 22nd, 2023]
- Cogwise is Revolutionizing Blockchain and AI, Hits $1 Million - Cryptonews - November 22nd, 2023 [November 22nd, 2023]
- 3 Cryptos to Buy Before the Next Bull Market Sparks 10x Gains - InvestorPlace - November 22nd, 2023 [November 22nd, 2023]
- DAOs Would Flourish in Business with More Lawyer Participation - Bloomberg Law - October 30th, 2023 [October 30th, 2023]
- Understanding Blockchain and Smart Contracts - The Daily Hodl - October 30th, 2023 [October 30th, 2023]
- POL Contracts Go Live on Ethereum Mainnet as Part of Polygon 2.0 - CoinDesk - October 30th, 2023 [October 30th, 2023]
- Horizen EON: Unleashing the Power of Web3 with Smart Contracts - Geeks World Wide - October 30th, 2023 [October 30th, 2023]
- Blockchain interoperability solutions and challenges: Where are we ... - Finextra - October 30th, 2023 [October 30th, 2023]
- How B2B data sharing can be improved with blockchain technology - San Mateo Daily Journal - October 30th, 2023 [October 30th, 2023]
- As XRP and Ethereum Rebuild, Traders Look to This New AI Altcoin for Hope - Yahoo Finance - October 30th, 2023 [October 30th, 2023]
- Ethereum vs. Binance Smart Chain: Where to Make More Money - Medium - October 30th, 2023 [October 30th, 2023]
- Vodafone DAB and Chainlink Labs Demonstrate the Transformation ... - Vodafone - October 30th, 2023 [October 30th, 2023]
- ICP Price Analysis as Internet Computer Canisters and blocks rises - BanklessTimes - October 30th, 2023 [October 30th, 2023]
- Blockchain and energy trading: Disrupting the power sector with decentralised systems - The Financial Express - October 30th, 2023 [October 30th, 2023]
- 60% of Cryptocurrency Holders Unfazed by Lack of Regulation - BanklessTimes - October 30th, 2023 [October 30th, 2023]
- Chainlink Proof Of Reserve Now Active For Backeds Tokenized Real-World Assets | Crowdfund Insider - Crowdfund Insider - October 30th, 2023 [October 30th, 2023]
- Bitcoin Mining vs. Ethereum Mining: Finding Your Path to Profits - Baltic Times - October 30th, 2023 [October 30th, 2023]
- AI systems favor sycophancy over truthful answers, says new report - CoinGeek - October 30th, 2023 [October 30th, 2023]
- More than MiCA: EU's Governing of Smart Contracts Will Need Even ... - CCN.com - October 16th, 2023 [October 16th, 2023]
- The Intersection of Radiology With Blockchain and Smart Contracts ... - Cureus - October 16th, 2023 [October 16th, 2023]
- How Blockchain Technology Is Being Used To Transform The ... - BanklessTimes - October 16th, 2023 [October 16th, 2023]
- IOTA to Have One More Stablecoin: What is USPlus? - U.Today - October 16th, 2023 [October 16th, 2023]
- On-Chain Tracker Notices Major Difference Between Bitcoin And ... - NewsBTC - October 16th, 2023 [October 16th, 2023]
- Coinbases security team has fought crypto hackers for a decade: Heres what has to change - Fortune - October 16th, 2023 [October 16th, 2023]
- Redefining Crypto Standards with Bitcoin Spark, Avalanche, Stellar ... - CryptoPotato - October 16th, 2023 [October 16th, 2023]
- SALT (SALT), High Volatility and Falling Sunday: Is it Time to Cash Out? - InvestorsObserver - October 16th, 2023 [October 16th, 2023]
- 'Tokenised' assets could save markets $17b a year: RBA - The Australian Financial Review - October 16th, 2023 [October 16th, 2023]
- What is blockchain network congestion? - Cointelegraph - October 16th, 2023 [October 16th, 2023]
- Japanese tokenized deposit network DCJPY to launch mid-2024 - Ledger Insights - October 16th, 2023 [October 16th, 2023]
- Citi goes live on 2 smart contract platforms for stocks, syndicated loans - Ledger Insights - October 12th, 2023 [October 12th, 2023]
- Coinbases security team has fought crypto hackers for a decade: Heres what has to change - Yahoo Finance - October 12th, 2023 [October 12th, 2023]
- ESMA assesses market developments in DeFi and explores the ... - ESMA - October 12th, 2023 [October 12th, 2023]
- Binance to List Neutron (NTRN) with Seed Tag to Enable Mainstream Adoption of Interoperable Smart Contracts - Coinspeaker - October 12th, 2023 [October 12th, 2023]
- AnChain.AI and BlockTrace Join Forces to Provide Cutting Edge Solutions to National Security Sector Partners - Yahoo Finance - October 12th, 2023 [October 12th, 2023]
- OpenZeppelin excludes isContract, urging ecosystem evolution By ... - Investing.com - October 12th, 2023 [October 12th, 2023]
- Crypto token ether could rise five-fold by end-2026, StanChart says - Reuters.com - October 12th, 2023 [October 12th, 2023]
- What is tokenization? - McKinsey - October 12th, 2023 [October 12th, 2023]
- Leading innovators in digital contract governance for the technology ... - Verdict - October 12th, 2023 [October 12th, 2023]