Bitcoin Ordinals Transactions Surged on November 2, 2023

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Bitcoin Ordinals Transactions Surged on November 2, 2023
  • Data from Dune shows a surge in Bitcoin Ordinals transactions on Thursday, November 2.
  • The transactions cut across various crypto exchanges and Web3 wallets.
  • OKX exchange accounted for 64.4% of the market share of the Ordinals transaction on November 2.

Data from Dune, the platform that provides analytics for the blockchain ecosystem, shows a surge in Bitcoin Ordinals transactions on Thursday, November 2, 2023.

According to data from the analytics platform, OKX exchange claimed the leadership spot across all the measured metrics across marketplaces, including trading volume, number of transactions, percentage share of volume, percentage share of transactions, unique users, and unique daily users.

As per Dune analytics, the total transaction volume of OKX Web3 wallet Ordinals exceeded 2.35 million USDT, which made up 64.4% of the market share. Following OKX was Unisat with 1.2 million USDT, and Magic Eden, which claimed over 174,000 USDT by volume.

OKX’s 2.5 million USDT volume was performed across 3,513 transactions, claiming the top spot in the number of Bitcoin Ordinals’ transactions. Unisat followed OKX with 2,169 transactions before Magic Eden, which recorded 1,264 transactions.

OKX led the way in the percentage share of volume by the marketplace with a 64.4% claim. As with the other metrics, Unisat followed OKX by claiming 30.5% of the market share, while Magic Eden had only 4.4% of the Bitcoin Ordinals share, as of November 2.

Furthermore, when measured in percentage, OKX took 48.1% of the transactions, per Dune’s data—followed by Unisat with 29.7%, and Magic Eden accounting for 17.3% of the transactions by the marketplace.

In cumulative unique users on November 2, OKX held 20,240, while Unisat had 69,858, and Magic Eden claimed the highest spot with 82,635 cumulative unique users.

Dune Analytics also showed that with 2,247 unique daily users, OKX claimed the top spot under that metric, followed by Unisat with 1,835 daily users. Magic Eden followed by accounting for 1,238 daily users.

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