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As the Bitcoin script protocol Ordinals celebrates its one-year anniversary, its performance in the cryptocurrency market has garnered widespread attention this week. According to Cryptoslam data, Ordinals' 24-hour trading volume surpassed $80 million for the first time, overtaking Ethereum and Solana, showcasing its strong position in the market.
Data released earlier today on the X platform by the Bitcoin wallet Ordinals Wallet highlighted the heat surrounding Ordinals. The $80 million figure set a new historical high, injecting fresh vitality into the development of the Bitcoin script protocol Ordinals. Notably, the high trading activity of the Bitcoin script protocol Ordinals is not only evident in the data but has also successfully expanded the script trend from the Bitcoin network to other major public chains.
In this instance, Ordinals' performance officially propelled the Bitcoin network ahead of Polygon, making it the fourth-largest blockchain in terms of NFT sales. According to Cryptoslam data, NFT sales on the Bitcoin chain have exceeded $1.344 billion, surpassing Polygon's $1.32 billion, securing the fifth position. The top three are Ethereum ($41.92 billion), Solana ($444 million), and Ronin ($4.255 billion).
Bitget Research, the research department of the Bitget exchange, also expresses optimism about Ordinals' future growth potential. In yesterday's Bitcoin ecosystem report, they predicted that the Bitcoin NFT market would grow by over 100 times, and the most popular meme coin in the Bitcoin ecosystem, $ORDI, with a market value of $400 million, might have over 12 times the upside potential compared to Shiba Inu, which has a market value of $4.9 billion. It is expected that in the next bull market cycle, the market value will enter the top 30. |
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Post time 21-12-2023 07:11:19