Bitcoin-Based ‘Space Pepes’ Led Weekly Trading Volumes Among NFT Collections

by ChainChirp
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Pixelated footage of ‘Pepe the Frog’ comics driving spaceships had been the newest attract for digital artwork collectors within the Web3 world.

The so-called Bitcoin-based “Area Pepes” assortment grew to become probably the most traded non-fungible tokens (NFTs) over a seven-day interval, knowledge from Cryptoslam exhibits, with over $7.3 million price of the gathering traded.

Every of those Area Pepes sells for slightly below $100, and knowledge exhibits the majority of buying and selling volumes got here on Might 19. Volumes have since regularly fallen.

These weekly figures had been larger than the favored Ethereum-based assortment Bored Apes Yacht Membership (BAYC) and spotlight a rising pattern of Bitcoin-based art work gaining reputation over its friends on different networks, corresponding to Solana and Polygon, which had been extra prominently identified amongst collectors.

BAYC and Mutant Ape Yacht Membership (MAYC), one other assortment from the identical creators, logged a cumulative quantity of $9 million. ImmutableX-based Gods Unchained clocked $4 million in volumes, whereas the controversial Milady assortment noticed $3 million price traded.

As such, previously thirty days, Bitcoin NFTs have grossed about $167 million in buying and selling volumes, which is a number of figures shy of Ethereum’s near-$397 million. Nevertheless, NFT gross sales on Bitcoin are almost thrice bigger than on the Solana community, in line with Cryptoslam, trailing behind at about $57 million.

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