Ordinals Research Hub | ORDI information, history and analysis
The Ordinals protocol is a system for numbering satoshis, giving each satoshi a serial number and tracking them across transactions. Simply put, ordinals allows users to make individual satoshis unique by attaching extra data to them. This process is known as “inscription”.
Ordinals have created another use case for the Bitcoin network beyond simple transfers of value, making Bitcoin NFTs a reality and causing transaction volume on the network to spike. With the Ordinals protocol, users can write a variety of data (text, images, audio, and video) in the form of NFTs to the Bitcoin network. Bitcoin Ordinals-generated NFTs may be purchased, traded, converted, and operated on the Bitcoin network without the requirement for Layer 2 solutions.
ORDI is a native coin of the Ordinals ecosystem, operating on Ordinals according to BRC-20 standard.
Donald Trump make NFT debut on Bitcoin Ordinals
Donald Trump is giving an extra-premium Ordinals NFT for users who purchase more than 100 NFTs from his latest “mugshot” collection.
This is the first time Mr. Trump issued an NFT through the Ordinals protocol on Bitcoin.
Ordinals (ORDI) surges 86.7% after Binance listing
Looking at a broader time frame, this asset has increased 138.348% in just 1 week. ORDI’s rising momentum still shows no signs of slowing.
ORDI ranked 3rd place in the Top Gainers and became one of the most trending assets on the ONUS application in the past 24 hours.
Bitcoin Ordinals activity surges following BRC-69 token standard launch
The BRC-69 token standard launch has led to a surge in activity in the Bitcoin Ordinals world, with over 350,000 new inscriptions made in just one day.
Bitcoin Ordinals volume hits $210M in Q2
Bitcoin Ordinal trading volume increased from $7.18 million in the first quarter of the year to $210.7 million by the end of June. DappRadar pins the quarterly increase at 2834%.
Ordinals (ORDI) peaked at 372,247 VNDC, up 46.91% in the last 24 hours
ORDI, the native coin of the Ordinals ecosystem, has witnessed a growth of more than 46% in the past 24h and is trading at 372,247 VNDC.
With this achievement, ORDI is now ranked 2nd in the Top Gainers on ONUS.
ORDI is the BRC-20 token ranking second in terms of the number of token holders
ORDI came in second with 8,456 holders despite its market value at a high of $399,168,000.
PEPE ranks sixth with 4,364 holders.
Ordinals inscriptions nearly doubling in just over a week
The number of Ordinals inscriptions on the Bitcoin (BTC) network almost doubled from 2.5 million to 4.78 million in just the last eight days.
These text-based inscriptions, now popularized as the BRC-20 token standard, have been the main cause of the massive uptick in Ordinals inscriptions on the Bitcoin blockchain.