Bitcoin NFT trading is booming! Ordinals' single-week sales rank second only to Ethereum

php editor Xigua: Bitcoin NFT trading is hot! Ordinals’ single-week sales rank second only to Ethereum Bitcoin NFT project Ordinals has seen a surge in transaction volume since its launch at the beginning of this year, ranking second behind Ethereum in sales over the past week. Ordinals brings new life to the Bitcoin ecosystem by allowing users to mint and trade NFTs on the Bitcoin blockchain. The project is still in its early stages, but its rapid growth suggests it has the potential to become a major player in the NFT space.

The sales volume of Bitcoin NFT in the past seven days ranks second among all blockchains

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

In the past week, driven by the growth of Bitcoin NFT, the overall NFT sales volume also reached 208 million US dollars, an increase of approximately 31.22%.

If you look closely, you can find that the recent Bitcoin NFT sales mainly come from BRC-20 tokens, of which $ordi’s transaction volume is Reaching US$10.07 million, accounting for about 25% of all Bitcoin NFTs, other BRC-20 tokens such as $nails and $pepe also have transaction volumes of more than 1 million each.

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, using JavaScript Object Notation (JSON) Ordinal inscriptions are used to deploy, mint and transfer tokens, and can be given Satoshi (satoshi) value to be traded or exchanged with other tokens.

Judging from the casting volume of Ordinals, it can also be clearly seen that since the end of April, most of the new inscriptions are "text" Types, of which there were as many as 351,887 yesterday (14th), while there were only 1,859 new inscription "picture" types. It can be said that the Bitcoin NFT market has completely turned into a BRC-20 market.

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