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Bitcoin Ordinals volume hits $210M in Q2 - DappRadar

According to DappRadar's latest quarterly report, the creation of nonfungible token inscriptions on the Bitcoin blockchain has resulted in over $210 million in trading volume for Bitcoin Ordinals. The report shows that Bitcoin Ordinals' popularity has led to a significant increase in trading volume through the second quarter of 2023, with trading volume increasing from $7.18 million in Q1 to $210.7 million. The rise in popularity of Bitcoin Ordinals has also had an interesting effect on the NFT landscape, with Bitcoin surpassing Solana to become the second-most popular NFT blockchain. Additionally, Ethereum co-founder Vitalik Buterin credited Bitcoin Ordinals for reigniting a "builder culture" in the Bitcoin ecosystem.

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