The NFT world, which has fallen into silence after its great rise in 2021, is almost as if it has started to be reborn from its ashes with the price rises in Bitcoin and Ethereum.

Ordinals, also called Bitcoin NFTs, reached a trading volume of $100 million as of February on Magic Eden, the most well-known platform in this area.

According to information from Dune Analytics, the volume of Bitcoin Ordinals on Magic Eden surpassed $107 million this month. Bitcoin NFTs were also the highest-volume category on the platform. Magic Eden was also the platform where Ordinals were traded the most. Last month, Magic Eden launched a “diamond points” campaign for users.

While the daily volume is around $5-6 million, it is still well below the December level of $85 million.

The most popular Ordinals collections on Magic Eden were NodeMonkes, Bitcoin Puppets, and RSIC Metaprotocol.

“Should help miners…”

Ordinals and BRC-20 tokens, which entered our lives at the beginning of last year, have actually created an additional income for Bitcoin miners… Speaking on the subject, analyst Scott Norris also talked about halving and said:

”Ordinals should help boost the transaction fees, which conventional knowledge would suggest should help miners,” he said. ”Halving is going to get some of them with power bills, but the bigger ones are generating their own power and selling it back to the grid when needed.”

As it will be remembered, Ordinals, which first emerged last year, increased the transaction fees on the Bitcoin network to the peak of the last 2.5 years for that period.

The 6.25 BTC per block reward given to miners on the Bitcoin network will drop to 3.125 BTC after the halving expected to take place in April.