TL;DR

• A week ago, Elon went on Joe Rogan's podcast where ​he discussed​ how most ​NFTs​ don't actually contain images, but instead, links to images which brought Ordinals back into the spotlight.

• Then yesterday, Binance ​rolled out​ support for ORDI, the original ​BRC-20​ token.

• Will the transaction volume for Ordinals continue to stay this high? Probably not, but we are welcoming this news with open arms 🤗

Full Story

Speaking of things going up...

Over $15M USD worth of Bitcoin Ordinals traded hands yesterday.

(For those of you playing at home, that's the highest transaction volume since ​Ordinals​ were 'the hot new thing' in May).

Dope.

So why the sudden bump in trading volume?

Markets are funny things, and more often than not, they're unpredictable.

(If they were entirely predictable we'd all be bazillionaires).

But we have a feeling that the surge in trades has been a result of two main things:

1. A week ago, Elon went on Joe Rogan's podcast where ​he discussed​ how most ​NFTs​ don't actually contain images, but instead, links to images.
   
   However, 'Ordinals' (aka Bitcoin NFTs) don't link out to images, they store the full image file on the Bitcoin ​blockchain​ - making it more permanent than most other options.
   
   This brought them back into the spotlight.
   

2. Then yesterday, Binance ​rolled out​ support for ORDI, the original ​BRC-20​ token.
   
   The token itself has risen by ~80% as of this writing - and it seems to have taken the Ordinals (i.e. BTC NFTs) market with it (or, at least there's been a heck of a lot of trades over the past 24hrs).

The funny thing is, 'ORDI' the token is actually not associated with 'Ordinals' the protocol - as the creator of ORDI ​posted on X​ after the listing.

Will the transaction volume for Ordinals continue to stay this high?

Probably not, but we are welcoming this news with open arms 🤗