Wu Shuo learned from CryptoSlam data that on November 15, the on-chain trading volume of Bitcoin NFTs/Ordinals reached $20.77 million, the second-highest all-time level, just behind March 16 ($26.03 million). Most of the activity was concentrated in BRC-20 SATS and RATS, with both registering trading volumes higher than BAYC. It’s worth noting that the on-chain trading volume of Bitcoin NFTs/Ordinals on that day was about 90% higher than Ethereum.