{"id":9036,"date":"2023-07-03T15:34:58","date_gmt":"2023-07-03T15:34:58","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/07\/03\/bitcoin-nft-sales-plummet-june-2023-sees-42-36-decline\/"},"modified":"2023-07-03T15:34:58","modified_gmt":"2023-07-03T15:34:58","slug":"bitcoin-nft-sales-plummet-june-2023-sees-42-36-decline","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/07\/03\/bitcoin-nft-sales-plummet-june-2023-sees-42-36-decline\/","title":{"rendered":"Bitcoin NFT Sales Plummet: June 2023 Sees 42.36% Decline"},"content":{"rendered":"<p><\/p>\n<div>\n<p>It cannot be denied that we are currently in the midst of a highly-volatile period in Web3 at present. With Ethereum-based NFTs dominating, Bitcoin-based NFTs plummeting, and Solana-based NFTs rising again, June has been an interesting month. Here\u2019s everything you need to know.<\/p>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li>In June 2023, Ethereum-based NFT sales pass $452 million, accounting for over 63% of the market. Meanwhile, Bitcoin\u2019s NFT transactions experienced a sharp decline of 42.36% to a total of $110.3 million.<\/li>\n<li>Solana-based NFT sales skyrocketed by 65% to reach an impressive $70.42 million, showing the platform\u2019s potential in the NFT market. However, platforms like Mythos and Polygon struggled with declines in their NFT transactions.<\/li>\n<li>The NFT market continues to change, with Ethereum\u2019s dominance, Solana\u2019s rise, and Bitcoin\u2019s decline. Market users should remain vigilant and adapt to these shifting trends, as the Web3 landscape remains highly volatile. Regularly checking market metrics is crucial for staying informed about potential reversals and the overall sentiment of the market.<\/li>\n<\/ul>\n<figure id=\"attachment_113265\" aria-describedby=\"caption-attachment-113265\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-113265 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/amfar-logo-White-Transparent.jpeg.webp\" alt=\"Still from bitcoin nft\" width=\"600\" height=\"338\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/amfar-logo-White-Transparent.jpeg.webp 600w,  https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/amfar-logo-White-Transparent-300x169.jpeg.webp 300w,  https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/amfar-logo-White-Transparent-99x56.jpeg.webp 99w,  https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/amfar-logo-White-Transparent-150x85.jpeg.webp 150w,  https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/amfar-logo-White-Transparent-450x254.jpeg.webp 450w\" sizes=\"(max-width: 600px) 100vw, 600px\"\/><\/noscript><figcaption id=\"caption-attachment-113265\" class=\"wp-caption-text\">Bitcoin NFTs Plummet in June<\/figcaption><\/figure>\n<h2><span id=\"Bitcoin_NFTs_Fall_While_Ethereum_NFTs_Rise\">Bitcoin NFTs Fall While Ethereum NFTs Rise<\/span><\/h2>\n<p>In June 2023, the <a href=\"https:\/\/nftevening.com\/nft-non-fungible-token-guide\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\">NFT<\/a> market experienced a surprising shift as Ethereum solidified its dominance while Bitcoin plummeted. Additionally, Ethereum-based NFT sales surpassed $452 million, accounting for over 63% of the market. Meanwhile, Bitcoin\u2019s NFT transactions plummeted by 42.36% to a total of $110.3 million.<\/p>\n<p>What\u2019s more, Solana emerged unexpectedly, with NFT sales skyrocketing by 65% to reach an impressive $70.42 million. However, platforms like Mythos and Polygon struggled, experiencing declines in their NFT transactions.<\/p>\n<p>Uncategorized Ordinals emerged as the dark horse, leading the NFT market with sales of $52.91 million, followed by the <a href=\"https:\/\/twitter.com\/BoredApeYC\" target=\"_blank\" rel=\"noopener\">Bored Ape Yacht Club<\/a> with $49.76 million in sales.<\/p>\n<p>Despite Bitcoin\u2019s overall struggle, it remained prominent among the highest-priced NFT sales in June, except for the Ethereum-based NFT, Fidenza #545.<\/p>\n<p>The NFT market\u2019s dynamic nature was evident in June, with Ethereum\u2019s dominance, Solana\u2019s rise, and Bitcoin\u2019s decline. Market participants must remain vigilant and adapt to these evolving trends as the world of NFTs continues to evolve.<\/p>\n<p>As we all continue to \u2018weather\u2019 this brutal bear market, it\u2019s important to check market metrics regularly to know if we are closing in on a market reversal. Looking at the data for June, it appears that the overall sentiment may be getting better with the performances of Ethereum and Solana NFTs improving.<\/p>\n<p>Are Bitcoin NFTs just another short-lived trend which is currently fading out (remember Aptos)? June\u2019s data certainly suggests that it could be. No one can predict what may happen in Web3, so be sure to check back regularly for updates.<\/p>\n<p><iframe data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\" class=\"perfmatters-lazy\" data-src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\"><\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\" data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\"><\/iframe><\/noscript><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/nftevening.com\/bitcoin-nft-sales-plummet-june-2023-sees-42-36-decline\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It cannot be denied that we are currently in the midst of a highly-volatile period in Web3 at present. With Ethereum-based NFTs dominating, Bitcoin-based NFTs plummeting, and Solana-based NFTs rising again, June has been an interesting month. Here\u2019s everything you need to know. TL;DR In June 2023, Ethereum-based NFT sales pass $452 million, accounting for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/amfar-logo-White-Transparent.jpeg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/9036"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=9036"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/9036\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/9037"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=9036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=9036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=9036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}