The data, which has been independently verified by Cointelegraph, shows that Bitcoin Ordinals' booming popularity led to a sharp increase in trading volume through the second quarter of 2023.
Bitcoin Ordinal trading volume increased from $7.18 million in the first quarter of the year, before a significant increase in trading value left the total trading volume for the Bitcoin-based NFTs at $210.7 million. DappRadar pins the quarterly increase at 2834%. The report also notes that all-time Bitcoin Ordinals trades amounted to over 550,000 in Q2, with some 150,000 unique traders contributing to the inflated trading volume midway through 2023.reflecting a number of Bitcoin Ordinals marketplace metrics from user @domo also shows that unique users increased sharply from May 2023.
The data, which has been independently verified by Cointelegraph, shows that Bitcoin Ordinals’ booming popularity led to a sharp increase in trading volume through the second quarter of 2023.
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