Ordinals GAS Booms with Over 100 BTC in Cost Revenue
According to reports, according to the latest data from Dune Analytics, the cost revenue of the Bitcoin NFT protocol Ordinals GAS has exceeded 100BTC, reaching
According to reports, according to the latest data from Dune Analytics, the cost revenue of the Bitcoin NFT protocol Ordinals GAS has exceeded 100BTC, reaching 100.3498 BTC at the time of writing, equivalent to approximately US $2739562.87. As of now, the cumulative casting volume of Ordinals inscription NFTs has reached 534253.
Bitcoin NFT Protocol Ordinals GAS Fee Revenue Breaks 100 BTC
Analysis based on this information:
The latest data from Dune Analytics reveals that the Ordinals GAS, a Bitcoin NFT protocol, has exceeded 100BTC in cost revenue, reaching 100.3498 BTC at the time of writing, which is equivalent to approximately US $2739562.87. Furthermore, the cumulative casting volume of Ordinals inscription NFTs has reached 534253. This news suggests that the Bitcoin NFT market is experiencing an upswing, with Ordinals GAS leading the pack.
Bitcoin has been a major player in the cryptocurrency market, with traders and investors relying on it for its stability and potential for growth. With the rise of NFTs over the past year, the market has seen an increase in blockchain-based art, collectibles, and other unique digital assets. This has created a new demand for blockchain-based protocols, with Ordinals GAS being one of them.
The success of Ordinals GAS can be attributed to its unique features, which allow users to create, sell, and collect limited edition NFTs. Furthermore, the platform allows for easy minting, storage, and transfer of NFTs, making it ideal for both creators and collectors. This has resulted in a surge in demand, driving up the cost revenue and cumulative casting volume of the platform.
The news of Ordinals GAS’s success is a positive sign for the Bitcoin NFT market, as it signifies growing interest and investment in blockchain-based digital assets. This trend is likely to continue, as more investors and traders recognize the potential of NFTs in changing the way we buy and sell art, collectibles, and other digital assets. However, it is important to note that the market is still in its nascent stages, and volatility and risk remain high.
In summary, Ordinals GAS is a Bitcoin NFT protocol that has exceeded 100BTC in cost revenue, reaching a cumulative casting volume of 534253. The success of the platform signals growing interest and investment in blockchain-based digital assets, particularly in the NFT market. However, caution and due diligence are still required as the market remains volatile and high-risk.
Overall, the Ordinals GAS success saga serves as a beacon of hope for enthusiasts of Bitcoin NFTs!
(399 words)
This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/4898.htm
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Allegations of Human Trafficking and Exploitation Faced by Mark Zuckerberg and Meta Platforms Leadership: What You Need to Know
It is reported that Mark Zuckerberg, CEO of Meta Platforms (FB. O), and the leadership of Meta Platforms (META. O) will face allegations of human trafficking an
-
How the G7 Conference of Ministers of Digital and Technology Adopted a “Risk-Based” Regulation for Artificial Intelligence
According to reports, participants in the Group of Seven (G7) Conference of Ministers of Digital and Technology agreed on April 30th to adopt a \”risk based\” regulation of artificia
-
What is the impact on the price of NEST coins (why NEST coins cannot rise)
What is the impact on the price of NEST coins? According to Coinmarketcap data, what is the main impact on the current price of NEST coins? Nestcoin is a token issued by a decentralized exchange project. Through this platform, decentralized offline order book transactions and automatic Market maker mechanism (AMM) can be realized According to data from CoinMarketCap, the price of NEST coins has risen by over 400% since July 2017. With the development of market conditions, more and more investors are paying attention to the potential of NEST project and conducting speculation in the market. NEST, also known as decentralized finance, is a new type of digital asset based on smart contract technology. The emergence of NEST enables seamless integration of DeFi applications, DEX, and others into blockchain networks Why can’t the nest coin riseWhy can’t the nest coin rise NEST is a decentralized protocol that uses a Oracle machine machine to provide transaction services on peer-to-peer networks. Users…
-
BTC Price Surpasses US $25000 Amidst Unstable Market
According to the report, the market shows that BTC has exceeded US $25000 and is now reported at US $25006.3, with a daily increase of 1.16%. The market fluctu…
-
Which cryptocurrencies are worth investing in (Which cryptocurrencies have a promising future in blockchain)?
Which cryptocurrencies are worth investing in? The price of Bitcoin is similar
-
What is the hash value when calculating vehicle speed (speed-time calculator)
What is the hash value when calculating vehicle speed? When considering factors
-
Will Grayscale Convert Bitcoin Trust to ETFs by the End of Q3 2023?
According to reports, Michael Sonnenshein, CEO of Grayscale Asset Management, stated at the 2023 consensus meeting at CoinDesk that Grayscale expects to learn b
-
Balvi Filatrapic Foundation supports aerosol research at the University of California
On March 7, the Balvi Filatrapic Foundation recently donated 15 million USDCs to the University of California, San Diego, to fund the open source research of ae
-
Korea Plans to Implement Token Securities System by the End of 2024
On March 6, Lee, head of the Capital Market Department of the Korea Financial Commission (KFC), announced that amendments to the Electronic Securities Law and …
-
What Does it Mean Not to Support Smart Contract Withdrawals (Not Supporting Smart Contract Deposits)?
What does it mean not to support smart contract withdrawals? What does it mean