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Bitcoin NFT trading is booming Ordinals weekly sales are secon

Date:2024-06-09 18:45:07 Channel:Trade Read:

In today's digital currency market, Bitcoin has always dominated, but a recent phenomenon that has attracted much attention is that transactions related to NFTs (non-fungible tokens) are in full swing. In this frenetic market, Ordinals has performed impressively, with its weekly sales second only to Ethereum, attracting widespread attention to this emerging field. Let's delve into the craze for Bitcoin NFT transactions and reveal the mystery of Ordinals' emergence.

Behind the popularity of Bitcoin NFT transactions is the booming digital asset market and investors' pursuit of unique digital assets. As one of the applications of blockchain technology, NFT provides traceable proof of ownership and authenticity of digital content, attracting more and more artists, creators and collectors to participate. In this exciting market, Ordinals has successfully attracted the attention of a large number of buyers with its unique design concept and scarcity, becoming the focus of attention.

The NFT craze has swept the world, causing people to re-examine the potential and future development direction of digital assets. In this vibrant and innovative field, Ordinals has become an existence that cannot be ignored with its unique creativity and market strategy. Its weekly sales are second only to Ethereum, showing its strong competitiveness and attractiveness in the market. This also reflects investors' optimism about Ordinals' future development potential, laying a solid foundation for its continued growth.

In addition to its eye-catching market performance, Ordinals has also been praised for its design and creativity. Its unique artistic style and creative concept give each work a unique charm and collection value. This uniqueness not only attracts the attention of art lovers and collectors, but also provides strong support for Ordinals to stand out in the highly competitive NFT market. Through continuous innovation and breakthroughs, Ordinals will continue to lead the trend of digital art and inject new vitality and creativity into the industry.

In the wave of the digital currency market, Bitcoin has always been the focus of attention, but with the rise of NFT transactions, Ordinals' emergence has triggered more thinking about the future of digital assets. Its performance in weekly sales is second only to Ethereum, showing its strong competitiveness and potential in the market. As the NFT market continues to develop and grow, Ordinals will continue to play its unique advantages and bring more surprises and innovations to the digital art market.

In this vibrant and transformative world of digital assets, Ordinals is like a dazzling star, exuding a unique light. Its performance in Bitcoin NFT transactions is remarkable and sets an example for the entire industry. As the digital asset market continues to evolve and improve, we believe that Ordinals will continue to play its leading role, opening up new possibilities for the development of digital art and allowing more people to enjoy the infinite possibilities brought by the digital age. Ordinals, let us witness the brilliant future of digital art together!

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
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Note: The above exchange logo is the official website registration link, and the text is the APP download link.


Coin Circle (120btc.COM): With the new high of the minting volume of Bitcoin NFT protocol Ordinals, the Bitcoin ecosystem has once again attracted market attention. Then, the first BRC-20 token $ordi on the Ordinals protocol appeared, sweeping the crypto market again.

The sales volume of Bitcoin NFT ranked second among all blockchains in the past 7 days

According to cryptoslam.io data, among the 21 blockchains counted, Bitcoin NFT has become the main contributor to crypto collectibles in the past week, with a total sales volume of 51.887 million, an increase of more than 155.82%, second only to NFT on Ethereum.

Driven by the growth of Bitcoin NFT in the past week, the overall NFT sales volume also reached 208 million US dollars, an increase of about 31.22%.

If we look closely, we can find that the recent sales of Bitcoin NFTs mainly come from BRC-20 tokens, among which $ordi's trading volume reached 10.07 million US dollars, accounting for about 25% of all Bitcoin NFTs, while other BRC-20 tokens such as $nails and $pepe also have more than 1 million trading volumes respectively.

Note: Although BRC-20 looks similar to Ethereum's ERC-20 token standard in terms of naming, BRC-20 is still an NFT based on Ordinals, which uses ordinal inscriptions of JavaScript Object Notation (JSON) to deploy, mint and transfer tokens, and can assign sats (satoshi) value to trade or exchange with other tokens.

From the minting volume of Ordinals, it can also be clearly seen that since the end of April, most of the newly added inscriptions are of the "text" type, of which as many as 351,887 were added yesterday (14), while the newly added inscriptions of the "image" type were only 1,859. It can be said that the Bitcoin NFT market has completely become a BRC-20 market.

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