Bitcoin (BTC) Ordinals The increase in NFT volume has moved the OKX NFT market ahead of Blur and Opensea.
Cryptocurrency exchange according to DappRadar data to OKX of NFT market Blur And opensea It left behind well-known names such as in terms of volume. Data OKX’s NFT trading volume last 50 million dollars in 24 hours He climbed on it.
within the same time period Blur $13.21 million volume, Magic Eden $7.63 million to volume OpenSea whereas $3.25 million hosted the volume.
Although there has been a decline in the volume of all NFT marketplaces with the recent declines in the cryptocurrency market, OKX still maintains its first place.
chief operating officer of ContentFi Labs Nick Ruck In his statement to The Block, he included OKX’s successful move in Bitcoin Ordinals:
OKX became the number one NFT marketplace after Bitcoin Ordinals enabled the trading of NFTs. Blur and OpenSea have not yet allowed trading of these Bitcoin-based NFTs, so they are starting to lag behind in terms of volume due to the huge demand for Ordinals.
Researcher at Ethereum scaling firm Taiko RJ KeHe emphasized that the factor that brought OKX to first place was clearly Bitcoin Ordinals volume:
The primary catalyst behind this remarkable growth can be attributed to OKX’s strategic support for BRC-20 tokens and Bitcoin Ordinals. This includes their collaboration with UniSat Wallet to develop a cross-validation process for BRC-20 transaction indexing on the Bitcoin blockchain and the development of an official BRC-20 explorer.