Ethereum NFT volume begins to decline as Bitcoin NFTs enter the market. Activity on the Ethereum protocol declines, stakers remain inerested.
Activity on the Ethereum network declines, and interest in staking remains high.-based NFTs have been dominating the market. Blue chip Ethereum NFTs such as BAYC and MAYC have been immensely sought after since their launch and their demand hasn’t been paralleled in the markets.However, the dominance of these NFTs could soon decline due to the emergence of popular Bitcoin-based NFTs.the trading volume of Bitcoin Frogs NFT exceeded 2.27 million US dollars in the past 24 hours.
This spike in interest in Bitcoin NFTs could threaten many blue chip NFT collections on the Ethereum network. The floor price of many of these NFTs had already begun to decline.
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