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News Explorer — Magic Eden’s New Bitcoin NFT Marketplace Dominates Ordinals Market

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Mar 30, 8:36 pm

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Magic Eden’s New Bitcoin NFT Marketplace Dominates Ordinals Market

Ordinals, a protocol that enables media content to be inscribed on Bitcoin similar to NFTs, has seen a surge in popularity. Magic Eden, a Solana-based NFT marketplace, has quickly become the leader in the space, with $170,000 worth of inscription sales on Tuesday, representing a majority of Ordinals trading volume. Magic Eden's success is attributed to its established status and sales of BTC DeGods.

Ordinals, a protocol that enables media content to be inscribed on Bitcoin similar to NFTs, has seen a surge in popularity. Magic Eden, a Solana-based NFT marketplace, has quickly become the leader in the space, with $170,000 worth of inscription sales on Tuesday, representing a majority of Ordinals trading volume. Magic Eden's success is attributed to its established status and sales of BTC DeGods.

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