Magic Eden Becomes Top NFT Marketplace Fueled by Surging Bitcoin Ordinals Trading

Magic Eden has become the top NFT marketplace by trading volume, largely thanks to its support for Bitcoin Ordinals
Ordinals are the Bitcoin equivalent of NFTs and have rapidly grown in popularity since launching in early 2023
Magic Eden gets about 84% of its trading volume from Ordinals sales currently
Sunday was Magic Eden's best ever single day for Bitcoin trading volume, at around $40 million
The buzz around Bitcoin possibly reaching a new all-time high soon has increased interest in NFTs and contributed to Magic Eden's growth