Trading Volume of Ordinals Version on Ethereum Exceeds $1 Million
Reading Time: < 1 minute
Tom Lehman’s launch of the Ethscriptions protocol on June 19 proved to be successful – within a week, the trading volume of assets created with this solution exceeded $1 million, according to OpenSea.
Ethscriptions provides users the ability to write arbitrary files to the Ethereum blockchain, offering a less pricy alternative to conventional ERC-721 NFTs.
Some of these assets have been listed at the highest prices, while the best and average base prices come in at 0.0075 and 0.013 ETH respectively.
Looking back on the launch, Lehman stated, “Why do I believe Ethscriptions will eclipse NFTs? Because NFT is only for the rich, and Ethscriptions is for everyone!”
Follow and like us on
