Bitcoin

According to CoinFactiva analysts, in just a year and a half since Casey Rodarmor introduced the Ordinal protocol, the Bitcoin network has surged to third place in the digital asset market, reaching a turnover of $4.3 billion. These digital assets include graphic images, audio and video files, and quasi-tokens.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/63727b7b4cb84939a966051b5126fae8.jpg" />Among this diverse array, quasi-tokens have garnered the most interest. Initially, BRC-20 standard coins led the market, but post-halving, they were eclipsed by the emergence of runes. Both types are predominantly represented by meme coins, driven by speculative trading.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/7529f5f925a24223af6b57c923d87ac3.jpg" />Regarding NFT collections on the Bitcoin network, NodeMonkes ranks first with a turnover of $238 million. In comparison, Ethereum’s top collection, Bored Ape Yacht Club, boasts $3.2 billion.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/1eb55e91e20e45ec9861417663f06cad.jpg" />Bitcoin’s rapid climb to third place among blockchains in terms of turnover is notable, but further expansion faces challenges due to its low transaction throughput. As demand for digital artifacts increases, so do transaction fees.read full story: <a href="https://coinfactiva.com/bitcoin-network-hits-third-in-digital-asset-market-coinfactiva-analysts/" rel="noopener noreferrer nofollow">https://coinfactiva.com/bitcoin-network-hits-third-in-digital-asset-market-coinfactiva-analysts/</a>

Bitcoin Network Secures Third Spot in Digital Asset Market – Insights from CoinFactiva

coinfactiva.com

Other articles published on Jun 19, 2024

IMF Highlights Potential of CBDCs for Financial Inclusion in Middle East

Iran To Launch Digital Rial CBDC Pilot on Kish Island

Influential Crypto Expert Applauds MoonBag Coin’s 100x Potential Post Launch as Investors Withdra...

Daily Market Review: BTC, ETH, LDO, ENS, MKR

Crypto: Ethereum Soars 1After the SEC Investigation Ends!

French Hill champions FIT 21's economic benefits and backs private stablecoins

Join our free newsletter for daily crypto updates!