Allows the creation of unique digital tokens (NFTs) over the Bitcoin network. Bitcoin OrdinalsAlthough it has no impact on BTC price for now, it has significantly increased network activity.
The latest data shared by market followers, Bitcoin’s NFT He revealed that Ethereum, which is the leader in transaction volume, has risen to second place, surpassing its biggest competitor Solana.
Smart contract platform as per screenshot from CryptoSlam Ethereumis still the leader of the NFT industry with a daily volume of 13 million dollars.
NFT trading volume on the ETH network decreased by 5% daily, while BTC increased by 54%. Bitcoin snatched the number two seat from Solana with $4.2 million in volume. LEFT Although there was a daily increase of 174% in his network, he could not receive the order he lost from Bitcoin.
NFT market ranking polygon sixth, BNB seventh, Cardano it ranks eighth. Ethereum layer-2 solution Arbitrum On the other hand, it is in the ninth place with a daily trading volume of 152 thousand dollars.
How Long Will the Ordinals Craze Last?
It is exciting that NFTs find their place in the Bitcoin network, which the vast majority describe as “old technology” today. However, experts warn against the unconscious moves of investors. According to crypto analysts, the excitement around Ordinals may fade as soon as profits start to dwindle.
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