Bitcoin NFTs Surge: Ordinals Market Hits $4.2M in 24 Hours, Outshines Ethereum and Solana

September 25, 2024
Bitcoin NFTs Surge: Ordinals Market Hits $4.2M in 24 Hours, Outshines Ethereum and Solana
  • The non-fungible token (NFT) market has seen positive growth due to this resurgence of Bitcoin Ordinals, which had previously faced a significant decline in trading sales volume.

  • NodeMonkes leads the collections with $838,363 in sales, despite a 21% decrease from the previous day.

  • Bitcoin Puppets, created by a 12-year-old, achieved $754,058 in sales, reflecting a 48% increase.

  • Taproot Witches recorded $380,100 in sales, a 227% increase from the previous day.

  • In contrast to the growth of Ordinals, major NFT collections on Ethereum and Solana, including CryptoPunks and Bored Ape Yacht Club, are struggling with minimal gains or declines.

  • Ordinal Maxi Biz, from artist Tony Tafuro, saw sales of $461,021, marking a 50% increase from the prior day.

  • Quantum Cats experienced a remarkable 262% surge, amassing $388,257 in sales.

  • The top five selling Bitcoin NFT collections in the past 24 hours include NodeMonkes, Bitcoin Puppets, Ordinal Maxi Biz, Quantum Cats, and Taproot Witches, each generating significant sales volumes.

  • The success of Ordinals contributes to a broader dynamism around Bitcoin, with the market for these NFTs valued at $759 million since their inception in early 2023.

  • Despite a struggling traditional NFT market, Ordinals collections are outperforming expectations, with some doubling in value over a few weeks.

  • Ordinals on the Bitcoin network are experiencing a resurgence, marking a significant shift in the digital asset ecosystem.

  • In the last 24 hours, trading sales volume for Bitcoin-based NFTs reached $4.2 million, reflecting a 42% increase from the previous day.

Summary based on 2 sources


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Sources

Bitcoin: The Ordinals Relaunch The NFT Market

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