Bitcoin Ordinals Trading Surges 116% in Week, Buyer Count at Five-Month High

Daily trading in Bitcoin Ordinals reached its most active level since December 6, 2024, with data on July 14. The data also highlighted more than 8,000 unique buyers versus approximately 3,000 unique sellers, representing the widest buyer/seller gap in five months. The surge places the sales volume curve above every reading printed this year while pulling the buyer count to its highest point since late November.

Activity has been advancing for more than a week. The 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.

The 24-hour collection leaderboard shows “Uncategorized Ordinals” at the top with $8.27 million in turnover, 1,051% above the previous day. These tokens are 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.

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. 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.