Bitcoin-Based ‘Space Pepes’ Led Weekly Trading Volumes Among NFT Collections
Pixelated footage of ‘Pepe the Frog’ comics driving spaceships had been the most recent attract for digital artwork collectors within the Web3 world.
The so-called Bitcoin-based “House Pepes” assortment turned essentially the most traded non-fungible tokens (NFTs) over a seven-day interval, knowledge from Cryptoslam exhibits, with over $7.3 million value of the gathering traded.
Every of those House Pepes sells for slightly below $100, and knowledge exhibits the majority of buying and selling volumes got here on Might 19. Volumes have since step by step fallen.
These weekly figures had been larger than the favored Ethereum-based assortment Bored Apes Yacht Membership (BAYC) and spotlight a rising development of Bitcoin-based paintings gaining reputation over its friends on different networks, equivalent 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 value traded.
As such, prior to now 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 keeping with Cryptoslam, trailing behind at about $57 million.