Bitcoin Ordinals scripts growth story for NFT ecosystem as sales volume soars

About 80% of the top 10 NFT sales in the previous week took place on Bitcoin, a space that is typically dominated by Ethereum and Solana.

On 10 May, as indicated, the volume exceeded $10 million, which was the highest ever recorded in a single day. The volume over the last seven days represented an increase of 8.15% from the week before.collection. Since the launch in January 2023, Bitcoin Ordinals has taken the crypto world by storm.

With sales totaling more than $13 million over the past seven days, Ordinals was the second-largest NFT collection, just behind the blue-chip collection Bored Ape Yacht Club .As per Delphi Digital, the total number of Ordinals inscriptions went beyond 7 million at the time of writing, with a staggering 4.3 million, or about 60% of them, getting minted in May. The figure reached its all-time high on 7 May, when over 400,000 inscriptions were minted on a single day.

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