In a significant moment for the burgeoning Ordinals market, Bitcoin Frogs has outpaced Bored Apes to become the highest traded non-fungible token (NFT) collection in the past 24 hours. With nearly 700 transactions, the collection has amassed over $2 million in trade volume.
Bored Ape Yacht Club, recognized globally as the most valuable NFT collection by market share, lagged behind in third place, generating around $1.3 million in volume over the last day, as per data from CryptoSlam!
The surge in Bitcoin Frogs' popularity has resulted in $5.9 million worth of trades so far in May, a significant increase from the roughly $52,000 in transactions recorded in April, according to the same data source.
The crypto community on Twitter swiftly responded to this potentially fleeting, yet historic milestone. @LeonidasNFT, an account boasting nearly 70,000 followers, tweeted, "An ordinals collection just became the highest volume NFT collection across all chains for the first time." He added a word of advice, "Don't sleep on Bitcoin."
Bitcoin Frogs, described as "10,000 unique frog collectibles minted directly on the Bitcoin Blockchain," has a prominent presence on Discord, where it is touted as a "free-to-mint" initiative intended to "encourage adoption of Ordinals."
The surge in Bitcoin Frogs' popularity has resulted in $5.9 million worth of trades so far in May, a significant increase from the roughly $52,000 in transactions recorded in April, according to the same data source.
The crypto community on Twitter swiftly responded to this potentially fleeting, yet historic milestone. @LeonidasNFT, an account boasting nearly 70,000 followers, tweeted, "An ordinals collection just became the highest volume NFT collection across all chains for the first time." He added a word of advice, "Don't sleep on Bitcoin."
Bitcoin Frogs, described as "10,000 unique frog collectibles minted directly on the Bitcoin Blockchain," has a prominent presence on Discord, where it is touted as a "free-to-mint" initiative intended to "encourage adoption of Ordinals."
