[Lunch Briefing] Bitcoin-based NFT records record transaction volume and becomes one of the top three blockchains

Major domestic virtual assets are on the rise.

As of 1 p.m. on the 18th, Bitcoin (BTC) is trading at 92,315,000 won, up 1.22% from the previous day. Ethereum (ETH) rose 5.01% to 5,035,000 won. Tether (USDT) was traded at 1,411 won, up 0.07% from the previous day, and Binance Coin (BNB) was traded at 846,000 won, up 3.05%. Solana (SOL) rose 3.73% to 197,600 won.



The international market is mixed. At the same time, on CoinMarketCap, BTC recorded $65,404.53, down 0.16% from the previous day. ETH was traded at $3566.93, up 3.69%. USDT is down 0.02% to $0.9998, and BNB is up 0.73% to $598.49. SOL was trading at $140.42, up 3.55%.

The total market capitalization of virtual assets is $2.38 trillion (KRW 3288.4442 trillion), an increase of $1.32 trillion (KRW 1,823.843 trillion) compared to the same period last year. The fear and greed index of virtual asset data company Alternative.me is in the 'greed' state at 64 points, down 10 points from the previous day.

Bitcoin-based non-fungible tokens (NFTs) have surpassed the previous transaction volume on the Ronin blockchain. As a result, Bitcoin-based NFT became the third largest blockchain in terms of NFT transaction volume of all time, following Solana and Ethereum.

According to CryptoSlam on the 18th (local time), the historical Bitcoin-based NFT transaction amount was calculated to be $4.27192 billion. This figure surpasses Ronin Blockchain’s record of $4,271.67 million. Over the past 30 days, Bitcoin NFT transaction volume was approximately $148 million. This is about $9 million less than first place Ethereum ($157 million). Solana ranked third with a transaction volume of approximately $77 million.

Although it continues to be a box office success by breaking records, some point out that Bitcoin NFT is still in its early stages. Skymavis co-founder Jeff Zillin said, “Bitcoin NFTs are still in the early stages and are not closely related to games, so we are not paying much attention to them.” It is argued that a game-centered ecosystem is more competitive in the NFT industry.

Meanwhile, overall, the NFT market has been sluggish recently. According to CryptoSlam, NFT transaction volume has fallen significantly even though millions of transactions have occurred in the past 30 days. Trading volume for Ethereum, Solana, and Bitcoin has decreased by at least 40% over the past 30 days.

Reporter Lee Yeon-ju

juya@rni.kr