The Ordinals marketplace, made up of tokens and non-fungible tokens (NFTs) recorded on Bitcoin's distributed ledger, once again marked high levels of trading after two months of lower intensity. On March 3, it recorded transactions of USD 51.1 million.

As a result, Ordinals' token and NFT trading metrics returned to December 2023 levels. Specifically, on December 17 it had reached USD 65.3 million. That was the last time with a trade volume greater than USD 50 million until yesterday, Sunday, March 3, 2024.
Beyond achieving an unprecedented milestone so far this year, there is one outstanding fact in the statistics: a new Ordinals market took the dominant position. We are talking about Magic Eden (USD 39.2 million volume), which displaced OKX (USD 8.6 million) as the most chosen marketplace for the exchange of this type of native Bitcoin tokens.
The metrics mentioned so far refer to trade volume; that is, the money exchanged in the purchase and sale of Ordinals tokens and NFTs on the different specialized exchanges. However, the trend in terms of Ordinals registrations, the process by which new tokens and NFTs are created on this protocol, has not changed.