Bitcoin Ordinals transaction volume surged to its highest levels since May on Tuesday, as about $14.7 million worth of the Bitcoin-based assets traded hands, as of this writing, according to a Dune dashboard created by the pseudonymous on-chain data analyst Domo.

Launched earlier this year, Ordinals enables the creation of NFT-like assets on the Bitcoin blockchain. The protocol lets people assign data to an individual satoshi—equal to 1/100,000,000 of a whole Bitcoin—whether that’s art, profile pictures, or text.

The lion’s share of trading volume on Tuesday took place on the cryptocurrency exchange OKX, per Domo’s dashboard. The Seychelles-based exchange rolled out trading support for Ordinals in May and accounted for 6,100 or 60% of daily Ordinals transactions, as of this writing.

However, Domo’s dashboard does not reflect recent activity on Binance. Crypto’s leading exchange by volume initially Go to Source to See Full Article
Author: André Beganski

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