Bitcoin Outshines Solana, Establishes Itself as the Second Most Prominent NFT Blockchain

The trading volume of memecoins and nonfungible tokens (NFTs) on Bitcoin topped that of Solana in May, moving them into second place after Ethereum. Ethereum's NFT trading volume of $393 million was over twice that of Bitcoin during a 30-day period starting from April 23. Bitcoin outperformed popular blockchains like Polygon, ImmutableX, BNB Chain, and Solana. BRC-20 token transactions, based on an experimental fungible token standard using ordinals, dominated Bitcoin's activity. BRC-20 memecoins achieved a market capitalization surpassing $1 billion, while BRC-20 tokens currently stand at $447 million in market capitalization.#cryptonews #dyor #googleai #nftcommunity 👍 #BNB