Bitcoin Ordinals Sales Volume Rockets to Highest Since December – Here’s Why It Matters
Bitcoin Ordinals are back with a vengeance—trading volume just hit its strongest level in seven months. Is this the start of another NFT frenzy, or just another speculative bubble waiting to pop?
### The Ordinals Revival
After months of sideways action, Bitcoin Ordinals sales are surging again. The last time we saw numbers like these? December 2024—back when crypto bros were still pretending Web3 wasn’t 90% hype.
### Why Traders Are Flocking Back
Could be the market cycle, could be boredom, could be another round of ‘greater fool’ theory playing out. Either way, the volume spike suggests someone’s making money—or at least pretending to.
### The Cynic’s Take
Let’s be real: half these trades are probably wash sales between the same three over-leveraged degens. But hey—if it pumps your bags, who cares? Just don’t forget to sell before the ‘institutional adoption’ narrative crumbles (again).
Weekly totals accelerate but remain slow overall
Activity has been advancing for more than a week. CryptoSlam’s seven‑day dashboard lists $25.8 million in Ordinals sales, a 116% jump from the previous seven‑day window, despite a sharp decrease in buyers and sellers.
Notably, the wash volume increased by 42%, but represented only 1% of the total volume in the period.
Furthermore, although the number of buyers and sellers decreased, the dollar-denominated average sale value increased nearly 40% in July.
Despite the increase in selling volumes, Ordinals have been registering a significant slump since February, when they last recorded over $100 million in monthly volume.
As of July 14, Ordinals’ trading volume hit nearly $39 million. It has the momentum to surpass June’s $58.1 million, but with the current average daily transaction count of 4,012, it is likely to fall short of $100 million.
Considering the average transaction currently sits at $694.05, the Ordinals market could add $47.3 million in volume for July, potentially taking the total to over $86 million.
‘Uncategorized Ordinals’ lead 24‑hour rankings
The 24‑hour collection leaderboard shows “Uncategorized Ordinals” at the top with $8.27 million in turnover, 1,051% above the previous day.
CryptoSlam classified these tokens as assets not tied to any named collection, meaning an array of smaller or freshly minted sets likely fueled the move.
On the weekly timeframe, the volume of uncategorized collections increased by roughly 1,900%, surpassing $8.4 million.
Since the bucket captures many independent issuances, the number suggests that a concentrated interest in a handful of micro‑caps can push the aggregate figure sharply higher when liquidity improves.
Collections stay fragmented
The lack of a single dominant project in the current market phase contrasts with last autumn, when two top‑10 collections accounted for more than 40% of volume.
As of press time, no named collection, other than the uncategorized pool, captured more than a single-digit share of daily turnover, based on CryptoSlam’s rankings screens.
Bitcoin Puppets recorded the highest daily volume among named collections, with the total amounting to $263,148, representing 7.6%. Runestone trailed close behind with $236,813 (6.8%).
Over the last seven days, NodeMonkes appears as the largest named collection in volume, amassing nearly $1.5 million. However, it represents only 5.6% of the total.
