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Key Takeaways:
- Daily Bitcoin Ordinals sales hit $11.5M, the highest in over seven months.
- Uncategorized and micro-cap collections dominate activity, reflecting a shift toward fragmentation.
- Ordinals may end July near $86M in volume—strong but below early 2024 highs.
Bitcoin Ordinals have reawakened with force. On July 14, daily trading volume surged to $11.5 million, the most active day since December 6, 2024, according to CryptoSlam data. Notably, there were over 8,000 unique buyers compared to just 3,000 sellers—creating the widest buyer-seller gap in five months.
This dramatic rise in demand lifted the daily sales volume beyond any other reading in 2025 and pushed the number of active buyers to levels last seen in November 2024.
Weekly Sales Double as Average Transaction Size Climbs
Though volumes are surging, the broader Ordinals market remains below its early 2024 peaks. Weekly sales jumped 116% to $25.8 million, but the number of buyers and sellers dropped. The average transaction value rose nearly 40% in July, signaling higher conviction among fewer participants.
Wash trading volume rose by 42%, but still accounted for only 1% of overall trades, suggesting the surge is largely organic. Total trading volume for July stands at nearly $39 million as of mid-month. At the current pace of 4,012 daily transactions averaging $694.05, July could close above $86 million—still short of the $100 million peak last seen in February.
‘Uncategorized Ordinals’ Lead 24-Hour Leaderboard
The day’s top-performing category was “Uncategorized Ordinals,” which generated $8.27 million in turnover—up over 1,050% from the previous day. These tokens are not linked to any specific named collection, often representing fresh or independent issuances.
Over the last seven days, the volume for this segment soared 1,900%, totaling over $8.4 million. This suggests a growing appetite for micro-cap or newly launched Ordinals as market sentiment improves.
Also Read: BTC to $135,000? Wall Street Analysts Predict More Gains After Bitcoin Breakout
Fragmented Collections Signal New Market Phase
Unlike late 2024, when just two projects dominated over 40% of volume, the current phase shows a fragmented landscape. No single named collection today holds more than a single-digit share of daily turnover.
Bitcoin Puppets led named collections with $263,148 in daily volume, followed by Runestone at $236,813. Weekly, NodeMonkes is in the lead with nearly $1.5 million—just 5.6% of the total Ordinals trading volume.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
