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Bitcoin Frogs, the new non-fungible token (NFT) fashioned after frogs, has become the most-traded collection in the past 24 hours, surpassing even top collections, such as Bored Apes.
Bitcoin Frogs, which launched in late February on Bitcoin Ordinals, has reached a transaction volume of over $2.2 million, according to data from CryptoSlam. The collection describes itself as 10,000 unique frog collectibles minted directly on the Bitcoin Blockchain.
At the time of writing, each NFT was selling for 0.12 bitcoin (BTC), or over $3,200. Buyers and sellers are paying trading fees ranging from $50 to more than $1,200 starting Thursday.
Bitcoin Frog’s transaction volumes were spread across 627 individual transactions, according to the data. By comparison, Bored Apes saw just over 11 trades at a significantly higher price of over $83,000 per NFT.
NFTs issued directly to Bitcoin rose to prominence following the launch of the ordinal protocol earlier this year. The Ordinals Protocol allows users to integrate data into the Bitcoin blockchain by entering digital art references into small Bitcoin-based transactions, with so-called Ordinals entries surpassing the 3 million mark earlier this month.
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