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Bitcoin NFT Protocol Ordinals Surpasses 100,000 Cumulative Casting Volume

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It is reported that according to data from Dune Analytics, the cumulative casting volume of the Bitcoin NFT protocol Ordinals launched by Casey Rodarmor, a sof…

Bitcoin NFT Protocol Ordinals Surpasses 100,000 Cumulative Casting Volume

It is reported that according to data from Dune Analytics, the cumulative casting volume of the Bitcoin NFT protocol Ordinals launched by Casey Rodarmor, a software engineer, has exceeded 100000 pieces, reaching 100041 pieces so far, of which the highest daily casting volume occurred on February 9, and the NFT casting volume on that day was 21824 pieces. In addition, the cumulative expenses of the current Ordinals agreement reached 7424900 US dollars.

Bitcoin network NFT protocol Ordinals has exceeded 100000 pieces

Analysis based on this information:


The recent report from Dune Analytics has revealed that the Bitcoin NFT protocol Ordinals has surpassed 100,000 in cumulative casting volume. Ordinals was created by software engineer Casey Rodarmor, and it has gained popularity in the NFT market over time. As of now, the protocol has a total casting volume of 100,041 with the highest daily casting volume of 21,824 occurring on February 9.

Ordinals is a Bitcoin NFT protocol that is designed to mint unique and scarce NFTs on the Bitcoin blockchain. The protocol has proven to be effective in creating NFTs that are provably rare, transferable, and tradable. Each NFT created on the Ordinals protocol has its own unique identity, which makes it difficult to replicate or copy.

While the pandemic has driven the growth of the NFT market, Ordinals has been able to attract more users due to its unique features. The protocol’s ability to create NFTs on the Bitcoin blockchain enhances its security, making it an ideal choice for people who prefer NFTs that are tamper-proof.

The report also revealed that the cumulative expenses of the current Ordinals agreement have reached $7,424,900. Ordinals users incur expenses for casting NFTs on the protocol. The expenses are mainly in BTC, and they contribute to the growth of the Bitcoin economy.

The increase in the cumulative casting volume and expenses of the Ordinals agreement shows the potential and viability of the protocol in the NFT market. The Ordinals protocol offers users a secure, provably rare, and tradable NFT solution on the Bitcoin blockchain, which explains its popularity.

In conclusion, the Bitcoin NFT protocol Ordinals has exceeded 100,000 in cumulative casting volume, which is good news for the protocol’s developers and users. The protocol’s features and security have attracted more users to the platform, which has led to an increase in casting volume and expenses. The Ordinals protocol is an innovative solution that offers a unique NFT experience on the Bitcoin blockchain.

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