Bitcoin Runestone jumps to the fourth largest NFT in market value! Market value exceeded US$3 billion

The Bitcoin NFT project Runestone is an experimental project jointly developed by Ord.io founder and Ordinals developer Leonidas. This project is an open source, transparent, voluntary and decentralized initiative designed to reward players who participate in the Ordinals protocol in the first year.

Leonidas announced in February this year that it would conduct a Runestone airdrop, and has completed a snapshot at block height 826,600 (the first anniversary of the birth of Ordinals). Addresses holding 3 inscriptions can receive the airdrop. Runestone has been airdropping since last week on the 15th, and announced the completion of the airdrop on the 16th. A total of 112,383 inscriptions have been airdropped.

Runestone jumped to the fourth largest NFT by market value

It is worth noting that after Runestone was officially launched on the 15th, the trading volume was quite hot. Currently, the trading volume on OKX and Magic Eden is the highest among all NFTs. At the top of the list, the single-day trading volume reached 268 BTC and 215 BTC respectively.

According to CoinGecko data, RuneStone's current market value has rapidly climbed to US$3 billion, becoming the sixth largest NFT by market value, trailing only CryptoPunks, NodeMonkes, Bored Ape Yacht Club, Pudgy Penguins, and MadLads, and RuneStone was still listed last night. It once jumped to the fourth largest NFT by market value.

NFT Market Value Comparison

According to Magic Eden data, the total number of Runestones is 114,000, and the current floor price of RuneStone has risen to 0.041886 BTC, which is equivalent to At $2,700, its total transaction volume has reached 567 BTC, equivalent to $39 million.

The fastest transaction volume reached 500 BTC

Leonidas tweeted that within less than 3 days of Runestone’s launch, the transaction volume exceeded 500 BTC. , is the Ordinals NFT series that has reached the fastest trading volume of 500 BTC in history.

He also added that Runestone’s Meme coin code and supply are all determined by the community, not him, and it does not necessarily need to be related to the Runestone theme. The design concept is completely open.

However, this also means that Runestone may lack a centralized unit to promote its future development. Whether it can continue to flourish under the leadership of the community will require more time to verify.

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