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The Financial Ways
The Financial Ways
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Cryptocurrency

Bitcoin Surges to Lead NFT Market as $X@AGI Volumes Spike

Bitcoin has seized the top spot in the NFT ecosystem, driving a 66.58% surge in total market sales to $76.56 million for the week ending October 24. This growth was propelled primarily by the BRC-20 collection $X@AGI, which dominated activity with over $25 million in recorded sales.

Bitcoin Surges to Lead NFT Market as $X@AGI Volumes Spike

The broader digital collectibles market saw a significant expansion in participation, with buyer addresses rising 46.38% to 156,715 and total transactions climbing to 764,169. Bitcoin’s performance was particularly notable, as its volume jumped 268.06% to $31.07 million, accounting for roughly 41% of the global weekly total. Ethereum followed in second place with $24.64 million, marking a 32.59% increase over the previous period.

Individual collection rankings were heavily skewed by the $X@AGI BRC-20 entries, which occupied four of the five highest-value sales positions. A single $X@AGI transaction reached $14.63 million, underscoring the concentration of capital within specific Bitcoin-based assets. While Polygon maintained its position as a high-volume venue with $8.53 million in sales, its metrics were complicated by wash-trading activity that exceeded its legitimate sales volume. Meanwhile, legacy collections like Bored Ape Yacht Club saw a resurgence, recording $3.56 million in sales, a 192% increase that briefly interrupted the dominance of newer BRC-20 assets.

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