Bitcoin Ordinals NFT Market Sees Significant Drop in Trading Activity

The NFT sector linked to Bitcoin Ordinals has witnessed a sharp downturn in recent months, according to data collected by DappRadar. As of August 14, Bitcoin Ordinals sales figures showed a dive from its May highs of $452 million to a mere $2.9 million, marking a near 98% decline. During this same interval, the data also reveals that transaction numbers dropped dramatically, showing a decline of approximately 98% to a total of 20,571 transactions. Despite the gloomy outlook, DappRadar suggests that it might be premature to classify this trend as a long-term problem or a temporary blip for...

source: https://tokenpost.com/Bitcoin-Ordinals-NFT-Market-Sees-Significant-Drop-in-Trading-Activity-10544

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