Odaily Planet Daily News According to a DappRadar report, since May 2023, the monthly transaction volume of tokens based on the Bitcoin Ordinals protocol has dropped by more than 97% from the peak of 452 million US dollars.
In June, the trading volume of Ordinals plummeted 76.5% to US$106 million; in July, the trading volume fell 66.9% month-on-month to US$35 million.
The latest figures, as of mid-August, show Ordinals traded at just $3 million.
At the peak of market interest in May, a total of 79,261 unique active wallets (UAW) participated in the Ordinals market. In August, that number dropped to 6,708. (The Block)