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The Bitstones Profile picture
@thebitstones
Mar 29, 2023 • 7 tweets • 5 min read • Read on X
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Our in-cave analysts have been grinding in the basement of the Cave, collecting data on #ordinals market volumes.

How do ordinals compare to other chains?

Has @MEonBTC cemented its lead?

A Rocksolid Ordinals Data thread 👇
After the peak of Ordinals trading in USD terms on the 31st of February, the trading volume has been solid and sustained:
How @MEonBTC took over the Ordinals market 👇

The number of marketplaces adopting Ordinals has increased over time, but the arrival of Magic Eden on the 21st of March blew the competition out of the water, capturing a 50% market share within a couple days!
The majority of ME volume is driven by @BTC_DeGods, with sales averaging 25k in the last few days!
As you probably know @MagicEden is present on 2 other chains (and now the 4th, congrats @MEonEthereum)

This is how @solana and @0xPolygonLabs compare to Bitcoin volumes. Not so insignificant, right?!

Polygon only really surpassed BTC with the launch of @y00tsNFT on Mar 28th.
How long did it take Solana to reach these volumes?

Magic Eden and co. surpassed 300k volume (=the first day of trading on Bitcoin) only on Feb 16th 2022, months into the NFT bull run with Sol at 105 USD!
The #ordinal market has proven to be liquid and significant relative to other ecosystems.

The Bitstones are bullish on ordinals 🦣

If you are as well, join the cave: discord.gg/P8jQbHhCUH

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More from @thebitstones

The Bitstones Profile picture
Mar 29, 2023
In our Discord we just announced OPERATION ROCKCHAIN, the first Staking system on #ordinals.

We want to make our 333 Bitstones rare af, here is how we are going about it 👇
As you know, each new inscription raises the counter on ordinals.com.

There will only ever be 333 Bitstones, now all you need is some caveman math to figure this out…

rarity = [supply] / [total inscriptions]

We need to raise the inscription number to over 1M ASAP!
Now how do we do that? Each staked Bitstone will generate $ROCK inscriptions that are sent to your wallet.

A $ROCK is a simple inscription, but every one of them counts!

By staking your Bitstone you are helping with Operation Rockchain and raising the inscription counter.
Read 4 tweets

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