NFT
In a recent tweet, a research analyst named Tom Wan shared some insights regarding BRC-20 tokens and BTC Ordinals. According to the post, 45% of ordinal trading volume is attributed to BRC-20 tokens, while Ordinals (ORDI) account for 22.1%.
As a result, the analyst posed a thought-provoking question of whether to consider all ordinal numbers as NFT volume or whether it should be limited to the image-inscribed ordinal numbers. This follows news of trading volume for Bitcoin (BTC) Ordinals surpassing that of Solana-based NFTS – making their trading volume second to Ethereum-hosted NFTs.
NFT sales for every blockchain in the last 30 days (Source: Twitter)
In the last 30 days, the total trading volume for BTC Ordinals reached $172,082,539, which is an increase of 406.01%. During this time, trading volume for ETH NFTs dropped 26.46% to $395,037,686.
At the time of writing, CoinMarketCap indicated that both BTC and Ethereum (ETH) have experienced price increases in the past 24 hours. BTC switched hands at $26,418.97 after printing a 24-hour gain of 0.52%. Meanwhile, the price of ETH stood at $1,809.58 after rising 1.39% over the past day.
The market leader managed to hit a daily high of $26,591.52 but has since retreated. The lowest point in 24 hours was $26,121.83. Like BTC, ETH has also fallen from its daily high at $1,815.99, with its 24-hour low at $1,777.93.
Both cryptos experienced declines in their daily trading volume. At the time of writing, ETH’s trading volume was $5,414,599,653, down 22.47%. BTC trading volume was down 20.71% and stood at $12,676,643,115.
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