As Bitcoin’s price rockets, the NFT-like Ordinals are staging a quiet comeback, with sales cross major Ordinals marketplaces crossing $19.7 million on Monday. More than $14 million in sales have taken place today, according to data from CryptoSlam.  

The number has shot up since the start of the month, when daily trading volume was between $5-$6 million. But it still has a long way to go to reach what it stood at back in December—$85 million in trades. 

And cross-chain marketplace Magic Eden is again the top spot to snap up Ordinals, Dune data shows. Last month, the prominent cross-chain NFT marketplace announced a new points program for traders, gifting “diamonds” to loyal users. 

It could be a fruitful, symbiotic relationship, explains Scott Norris, an independent Bitcoin miner at Optiminer.

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Author: Mathew Di Salvo

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