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.
Continue Reading on Coin Telegraph