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**Trading Volume of Bitcoin Ordinals Reaches New Heights**
According to the latest data from CryptoSlam, the trading volume of Bitcoin Ordinals has reached new records. As of July 16th, the volume has surpassed all expectations, with a whopping 11.5 million US dollars in transactions made over the weekend.
Despite concerns about the decline in the volume, which has been steadily decreasing since January, this surge in activity suggests that the market is still optimistic about the future prospects of Ordinals. This sudden increase in trading volume has sparked much debate and controversy among experts, as many are questioning the purpose and legitimacy of these transactions.
The Ordinals project allows for additional data to be included within a transaction, a feature previously unavailable on the Bitcoin blockchain. While this innovation may seem appealing to some, others believe it is a departure from the original purpose of Bitcoin as a financial transaction-only platform. The controversy surrounding this development has only been amplified by the fact that these transactions have led to a slight increase in block chain traffic and fees.
Despite this negativity, the market remains enthusiastic about Ordinals, with over 41 million US dollars in trading volume reported for July so far. This growth is notable, especially considering the previous decline since January. While some may be skeptical of this surge, it is clear that the momentum has shifted, at least temporarily.
As the data suggests, the last week saw a significant increase in activity, with 26 million US dollars in transactions processed through Ordinals. It remains to be seen whether this trend will continue, but for now, it appears that the market is not yet ready to write off this development as mere hype.
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Source: www.bitcoinbazis.hu
