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Bitcoin Ordinals NFT trading volume tanks 98% since May — DappRadar

 

DappRadar has pointed to an “alarming plunge” in Bitcoin Ordinals nonfungible token (NFT) user activity, with trading volumes tanking around a whopping 98% since May.

In an Aug. 17 report, DappRadar highlighted its data showing that the total Bitcoin Ordinals sales volume had decreased from peak levels of $452 million in May to roughly $3 million as of Aug. 14.

Ordinals trading volume and sales count. Source: DappRadar.Top 10 blockchains in terms of 30 day NFT sales volume. Source: CryptoSlam.

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