Bitcoin Ordinals Trading Hits 6-Month Peak as ORDI Token Surges on Binance Listing
The market for Bitcoin Ordinals was active on Tuesday after Binance rolled out support for ORDI, the original BRC-20 token
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.
