Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»BLOCKCHAIN NEWS»Bitcoin-Based NFTs: Ordinal and Rune Surge in Market Capitalization and Popularity, CoinGecko Report
BLOCKCHAIN NEWS

Bitcoin-Based NFTs: Ordinal and Rune Surge in Market Capitalization and Popularity, CoinGecko Report

By Crypto FlexsJune 5, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin-Based NFTs: Ordinal and Rune Surge in Market Capitalization and Popularity, CoinGecko Report
Share
Facebook Twitter LinkedIn Pinterest Email





The overall market capitalization of the top 10 Bitcoin-based non-fungible tokens (NFTs), consisting of Ordinals and Runes, has surged to $1.03 billion, with an average daily trading volume of 225 in May 2024. It amounted to ten thousand dollars. CoinGecko. This increase highlights the growing influence within the Web3 ecosystem.

Market Leaders: NodeMonkes, Bitcoin Puppets, and Runestone

Leading the way are collections such as NodeMonkes with a market capitalization of $198.25 million (2,880 BTC), Bitcoin Puppets with $144.12 million (1,815 BTC), and Runestone with $87.85 million (1,124 BTC). These collections have seen significant sales volumes, with NodeMonkes and Bitcoin Puppets recording average daily trading volumes of $520,000 and $510,000, respectively, as of May 2024.

User Adoption Trends

In terms of user adoption, Bitcoin Puppets saw a 15.3% monthly increase in unique holders from January to May 2024, growing from 3,800 to 6,7000 holders. Similarly, NodeMonkes grew its unique holders by 10.1% from 3,800 to 5,600 over the same period. Runestone has also seen a significant number of unique holders, totaling 77,000 as of May 2024, the largest figure among its parent collections.

Global interests and financial interests

Interest in Ordinals has skyrocketed globally, with searches for “Ordinals” on Google peaking in April 2024. This is a 58% increase since January 2024. Searches for “Bitcoin NFT” also hit an all-time high in March 2024. Despite falling behind Ethereum and Solana, Ronin’s growing interest from buyers in terms of sales volume suggests that there is potential for increased user adoption on the Bitcoin network.

Early adopters reaped significant financial benefits. For example, participants in NodeMonkes’ Dutch auction-style mint could see a 426% return if they compare the opening price of 0.21 BTC to the project’s all-time high of 0.895 BTC, and a 38% return if they compare the average sale price of 0.29. there is. BTC.

A brief history of ordinal numbers and runes

Ordinals, launched by engineer Casey Rodarmor in January 2023, differ from traditional NFTs in that all data is recorded directly on the chain, making them similar to digital artifacts. As Ordinals gained popularity, an anonymous developer created the BRC-20 token standard, which Rodarmor later refined into Runes. Loon optimizes and reuses these dormant UTXOs to increase efficiency and reduce network congestion, solving the problem of excessive UTXOs (unspent transaction output).

Rune presents new opportunities for scalability and user experience on the Bitcoin network and could potentially lead to innovative decentralized applications (DApps) and tokenized assets.

Getting started with ordinal numbers and runes

For those interested in exploring ordinals and runes, CoinGecko provides detailed guides and lists of popular NFT projects built on the Bitcoin network.

methodology

The study analyzed data on CoinGecko’s top 10 Bitcoin-based NFT collections as of May 26, 2024, and Google Trends data as of May 31, 2024. Top collections include NodeMonkes, Bitcoin Puppets, Rune Pups, and Ordinal Maxi Biz. , RSIC Metaprotocol, Bitcoin Frogs, Runestone, Prometheans, Natcats and Pizza Ninjas.

Image source: Shutterstock

. . .

tag


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

British trail EU, US encryption regulation, think tank warning

June 22, 2025

ZKJ Crypto Price Pumps 20%: Dead Cat Bounces?

June 17, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Paris Saint-Germain became a pioneer validator on the Chiliz blockchain, fueling a 9% rise in CHZ.

February 22, 2024

Gnosis Chain Community Members Evaluate Gas Token Choice Amid MakerDAO’s Migration to Sky

August 30, 2024

Tron Network Ranks 1st in Stablecoin Market Share Amid Increase in Monthly Transaction Volume

August 16, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.