royalties hitting their lowest point in two years. Check out Bitcoin Ordinals trading volume, which hit $210 million in the second quarter of 2023, and how a decentralized finance borrower used an NFT representing a physical luxury watch to take out a loan. In other news, find out why Animoca Brands co-founder Yat Siu is still bullish on blockchain games, and don’t forget this week’s Nifty News, featuring a Sega executive’s opinion on play-to-earn gaming.
Starting at $7.18 million in the first quarter, the trading volume soared to $210.7 million by the end of June, representing a staggering 2834% quarterly growth. Additionally, the report reveals that over 550,000 Ordinals trades took place in Q2, involving approximately 150,000 unique traders, further contributing to the remarkable trading volume surge.A DeFi borrower has used a Patek Phillipe luxury watch to collateralize a $35,000 loan.
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