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<a href="https://bitcoinworld.co.in/bitcoin-ordinals-collection-nodemonkes-briefly-surpassed-bayc-in-market-cap/" title="Bitcoin Ordinals Collection NodeMonkes Briefly Surpassed BAYC in Market Cap" rel="noopener noreferrer nofollow"></a>
Bitcoin Ordinals project NodeMonkes has briefly surpassed the Bored Ape Yacht Club (BAYC) in market capitalization on Monday.&nbsp;
According to cross-chain NFT marketplace <a href="https://magiceden.io/popular-collections" rel="noopener noreferrer nofollow">Magic Eden</a>, NodeMonkes’ market cap temporarily surpassed BAYC’s market cap.&nbsp;
However, at the time of writing, NodeMonkes traded back below to a market cap of 6,500 BTC, or around $419 million, while BAYC’s market cap is 135,000 ETH, or around $453 million.
Launched in December, NodeMonkes is a collection of 10,000 8-bit monkey-themed digital collectibles.&nbsp;
The market cap for an NFT project is the floor price multiplied by the number of assets in the collection.
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The surge in NodeMonkes’ value is part of a broader trend of rising demand for Bitcoin Ordinals projects.&nbsp;
Ordinals are digital artifacts that can be inscribed onto the Bitcoin blockchain.&nbsp;
Over the last week, Ordinals projects have racked up $135 million worth of trading volume, per data from CryptoSlam, while Ethereum NFTs have tallied $110 million in sales volume.
Another prominent Ordinals project, Runestone, has also seen a surge in value.&nbsp;
Following an airdrop on March 14, the collection of 112,383 tokens on Bitcoin skyrocketed into the top three most-traded NFT projects, with $5.3 million in daily trading volume.&nbsp;
The Runestone airdrop was a significant milestone for the collection, and the main event will occur after the Bitcoin halving in April when the Rune token protocol by Ordinals creator Casey Rodarmor comes online.
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Bitcoin Ordinals Collection NodeMonkes Briefly Surpassed BAYC in Market Cap

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