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- The number of ordinal inscriptions resumed the trend above 100,000 from the time of writing.
- ORDI remained above the listing price despite declines.
Recording the Ordinals token in the listings on stock exchanges has led to renewed interest in inscriptions, recent statistics show. Furthermore, these inscriptions have reshaped the NFT space, with Bitcoin [BTC] Ordinals NFTs are taking the lead as of this writing.
Ordinals remains active
Despite experiencing a notable drop in activity a few months ago, Bitcoin Ordinals inscriptions persisted. A recent study of the daily volume on Dune Analytics indicated a revival.
The data showed that, with few exceptions, the daily number of inscriptions remained consistently above 100,000. Moreover, it crossed the half-million mark within a day.
At the time this article was written, the daily number of inscriptions exceeded 400,000. This renewed interest could partly be attributed to ORDI’s listing on stock exchanges.
How has ORDI fared since its stock exchange listing?
An analysis of the daily timeframe chart for ORDI indicated continued positive price development. Although there were declines, the chart showed that it remained above the original listing price.
According to the price range tool, there is a remarkable increase of more than 70% compared to the advertising value. The token traded around $22.8, reflecting a slight decline of around 5%.
Source: TradingView
Bitcoin Ordinals NFTs now dominate trading volume
According to data from CryptoSlamNFTs inspired by Ordinals have recorded the highest daily sales volume in the last 24 hours. The observed data showed that these NFTs claimed the top ten in daily volumes.
The Rats BRC-20 NFT collection led this increase and had a daily sales volume of almost $4 million at the time of this report. The collection has witnessed more than 1,000 transactions involving more than 600 buyers and sellers.
How many Worth 1,10,100 ORDIs today?
Furthermore, the impact of these NFT collections has changed Bitcoin included in the NFT rankings for the first time. According to CryptoSlam, the Bitcoin Network held the top position in NFT sales at the time of writing.
Bitcoin’s daily sales volume also exceeded $38 million, surpassing established NFT networks such as Ethereum [ETH] and Solana [SOL].
