globetrotter on Nostr: Bitcoin Ordinals Trading Volume Records 2800% QoQ Growth ...
Bitcoin Ordinals Trading Volume Records 2800% QoQ Growth
According to a report by DappRadar, Bitcoin Ordinals has generated a substantial surge in trading volume, reaching over $210 million by the end of Q2 2023. The data shows an impressive 2834% quarterly increase in trading volume, rocketing from $7.18 million in Q1.
This burgeoning trend involves over 550,000 trades from approximately 150,000 unique traders. Most of these traders predominantly use platforms like UniSat, Magic Eden, and Ordinals Wallet for Bitcoin Ordinals and BRC-20 tokens.
Ordinals' growth has had an impact on the NFT landscape; in May, the Bitcoin network surpassed Solana to become the second-most popular NFT blockchain, now only behind Ethereum.
Furthermore, Bitcoin Ordinals' rise has positively impacted the Bitcoin mining industry, with BTC miners accruing around $184 million in H1 2023, already surpassing 2022's total earnings.
#bitcoin #btc #plebchain #plebstr
According to a report by DappRadar, Bitcoin Ordinals has generated a substantial surge in trading volume, reaching over $210 million by the end of Q2 2023. The data shows an impressive 2834% quarterly increase in trading volume, rocketing from $7.18 million in Q1.
This burgeoning trend involves over 550,000 trades from approximately 150,000 unique traders. Most of these traders predominantly use platforms like UniSat, Magic Eden, and Ordinals Wallet for Bitcoin Ordinals and BRC-20 tokens.
Ordinals' growth has had an impact on the NFT landscape; in May, the Bitcoin network surpassed Solana to become the second-most popular NFT blockchain, now only behind Ethereum.
Furthermore, Bitcoin Ordinals' rise has positively impacted the Bitcoin mining industry, with BTC miners accruing around $184 million in H1 2023, already surpassing 2022's total earnings.
#bitcoin #btc #plebchain #plebstr