Bitcoin ordinal NFTs are the trending asset on the bitcoin network, with more than 500,000 NFTs minted recently. These unique digital assets have taken over the crypto community, with creators switching from popular blockchains like Ethereum to mint their NFTs on the Bitcoin network.
More Than 500,000 Ordinal NFTs Minted In Two Months
At the time of writing, 520,200 NFT ordinals have been minted on the bitcoin network in the last two months, according to data from Dune Analysis. This growth is remarkable, considering less than 50,000 NFTs were minted just five weeks ago.
Onchain data further reveals that March 9, 2023, recorded the most Ordinals transactions. More than 31,000 ordinals were minted that day, with the vast majority of images followed by videos and text. In addition, about $2.6 million has been spent on transaction fees to mint this unique form of digital assets. On average, about 10,000 Ordinals NFTs are minted daily, and this number is expected to grow due to the increased demand for this form of NFT.
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