Over the past year and nine months since December 2022, more than 75 million Ordinal inscriptions have been minted on the Bitcoin blockchain, according to the latest statistics. This technology has given Bitcoin a new role in the world of digital collectibles. Today, Bitcoin is the third largest blockchain by non-fungible token (NFT) sales, occupying an important position in the NFT ecosystem.

Bitcoin Makes Its Place in the NFT World

Despite a significant drop in sales, interest, and activity across the NFT industry as a whole, the Bitcoin blockchain has found its own spotlight in the space. It launched over a year and nine months ago in December 2022 with the first Ordinal inscription. Today, the numbers tell a different story — the chain now boasts 75.9 million Ordinal inscriptions. This constant minting trend has brought an additional 6,901 BTC to miners, which, at current exchange rates, is equivalent to $429 million.

When it comes to NFT sales, Bitcoin has climbed to third place, trailing Ethereum and Solana. Bitcoin sales totaled $4.49 billion, $1.35 billion less than Solana's $5.84 billion. While $4.49 billion is a solid number, it's still a significant $39.64 billion short of catching Ethereum's $44.13 billion total. The most expensive sale so far came from the Uncategorized Ordinals collection, with item#69198b8e71fetching $2.4 million.

Uncategorized Ordinals led the pack of BTC-focused NFT collectibles, with sales of $424.82 million. It was followed by Nodemonkes with $264 million, Runestone with $231 million, SATS BRC20 NFT with $212 million, Ordinal Maxi Biz with $166 million, and Bitcoin Puppets at the bottom with $165 million.

Overall, Bitcoin is slowly cementing its place in the NFT landscape, alongside Ethereum and Solana. While daily engravings have been on the decline over the past few months, the emergence of Ordinal engravings has sparked a wave of creativity and innovation, opening up new possibilities for blockchain’s growing role in digital collectibles.

What do you think about over 75 million Ordinal lines on the Bitcoin blockchain and $4.49 billion in NFT sales? Share your thoughts and opinions on the topic in the comments section below.
#binance #wendy #bitcoin #eth #crypto $BTC $ETH $BNB