The dip in Solana’s NFT market coincides with a surge in Ordinals, a type of NFTs on the Bitcoin network. Bitcoin’s monthly NFT sales volume skyrocketed by 474% in May, reaching over US$189 million, according to CryptoSlam data. This boost positioned Bitcoin as the second most popular NFT chain, a title often held by Solana.
Guest: Paul Sztorc, Founder and CEO · LayerTwo Labs
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