Trading volume surges, why did Bitcoin NFT surge today?

According to CryptoSlam data, the NFT transaction volume on the Bitcoin chain in the past 7 days was $76,881,557, ranking first. Ethereum ranked second in the public chain, with an NFT transaction volume of $63,821,910 in the past 7 days. Solana ranked third, with an NFT transaction volume of $37,440,751 in the past 7 days.

Not only the transaction volume, but also the price of Bitcoin NFT has risen generally.

With the support of the Runes protocol's super-strong expectations, Runestone's floor price climbed to 0.065 Bitcoin (BTC), equivalent to $4,505, an increase of 33.2% in 24 hours. This leap has brought Runestone's market value to $506 million, surpassing BAYC's $411 million, becoming the second largest project in the NFT market.

Related reading: "Elephant Dances", Why Can Runestone's Market Value Exceed BAYC? "

Trading volume and prices of Runes concept NFTs are generally rising. As of the time of writing, according to magiceden data, among the top ten Bitcoin NFTs in terms of trading volume, four of them, including Runestone, are Runes concept.

According to BlockBeats calculations, Rune Pups rose by 20% in 24 hours, RSIC rose by 30% in 24 hours, and RuneX: UNNAMED rose by 34% in 24 hours.

Not only Runes concept NFTs, according to the latest data from magiceden, the floor price of the abstract wind NFT Blob launched yesterday also soared to 0.03, and the trading volume was second only to Runestone, with a 24-hour trading volume of 63 bitcoins, ranking second among Bitcoin NFTs.

More notably, the floor price of Bitcoin Puppets rose to 0.41 BTC (about 28,495 US dollars), a record high.

More importantly, the floor price of Bitcoin Puppets is about to surpass that of Node Monkey, competing for the leading position of NFT.

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