Bitcoin Ordinals Trading Is Down Bad—But Just How Bad?
A report from DappRadar showed a significant decline in Bitcoin Ordinal sales volumes, with a 97% drop from May to August. The report also indicated a decrease in interest in the wider NFT space, with trading volume for active wallets on Ethereum and Polygon decreasing by 22% and 60% respectively. However, there has been pushback from some in the Ordinals community, claiming that the report contains inaccurate information.
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Bitcoin Ordinals Trading Is Down Bad—But Just How Bad?
A report from DappRadar showed a significant decline in Bitcoin Ordinal sales volumes, with a 97% drop from May to August. The report also indicated a decrease in interest in the wider NFT space, with trading volume for active wallets on Ethereum and Polygon decreasing by 22% and 60% respectively. However, there has been pushback from some in the Ordinals community, claiming that the report contains inaccurate information.