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Bitcoin Ordinals Generate $2.2M in a Day

Bitcoin Frogs NFT

Bitcoin Frogs, a recently launched collection of 10,000 unique NFTs featuring adorable frog-themed artwork debuted in late February. This collection has skyrocketed, due to surge in trading volume of over $2.2 million within 24 hours. Bitcoin Frogs’ swift rise sheds light on the increasing demand for NFTs minted on the Bitcoin blockchain. While Ethereum is dominant in NFTs, Bitcoin’s influence is gaining momentum. The Frogs have passed Solana in trading volume by over $30 million in the past week, showing its potential to shake up the status quo.

Bitcoin Frogs has made waves by outperforming reputable NFT collections, including the infamous Bored Ape Yacht Club. Having generated an impressive total sales volume of $7,530,033.19 (equivalent to 278.2482 BTC) in the month of May alone, this collection of 10,000 digital collectibles inspired by frogs is leaving a significant impact.

In the last day, the highest sale was recorded at a staggering $38,500. Despite the high prices, sustained trading volume suggests that Bitcoin Frogs continue to capture attention.

Bitcoin Frogs is powered by Deezy. Deezy serves “businesses, node runners, creators, and collectors”. It facilitates seamless integration between on-chain and lightning networks with fast apps and products. This ensures enhanced payment reliability through their well-connected nodes. Therefore, Deezy deserves some credit for contributing to the success of the Frog collection.

Moreover, Additionally, software for the Bitcoin Future empowers artists by assisting them in launching their NFTs on the Bitcoin network. With inscription services, creators have the freedom to design, inscribe, launch, and sell their unique collections. This commitment to helping artists and collectors plays a vital role in creating a thriving ecosystem.

Hence, the swift ascent of Bitcoin Frogs within the NFT market exemplifies the growing influence of Bitcoin-powered NFTs.

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