Bitcoin Frog has become the most-traded collection recently, surpassing even prominent collections, such as Bored Apes. Let’s see 5 things about this trending non-fungible token.
5 Things to Know About Bitcoin Frog
1. Bitcoin frogs are fashioned after frogs like the Pepe coin.
2. It was launched in late February on Bitcoin Ordinals, and reached a trading volume of over $2.2 million.
3. The collection describes itself as “10,000 unique frog collectibles minted directly on the Bitcoin Blockchain.
4. 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 over $1,200.
5. Bitcoin Frog’s trading volumes were spread across 627 individual transaction according to a data. In comparison, Bored Apes recorded just over 11 transactions at a significantly higher price of over $83,000 per NFT.
Related–What is Pepe Coin?
NFTs issued directly on Bitcoin have gained prominence after the launch of the Ordinals Protocol earlier this year. The Ordinals Protocol allows users to embed data onto the Bitcoin blockchain by inscribing references to digital art into small bitcoin-based transactions – with the so-called Ordinals “inscriptions” surpassing the 3 million mark earlier this month.
Such demand has contributed to bitcoin fees spiking to two-year highs and stirred debate in the Bitcoin community.
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