Bitcoin Ordinals' Token ORDI Surges To $1B Market Cap, Marks 850% Monthly Surge

The ORDI token (CRYPTO: ORDI), powered by Bitcoin Ordinals, has achieved a significant milestone by reaching a market cap of $1 billion. This feat comes on the heels of a remarkable 850% monthly increase in its value.

On Tuesday, Cointelegraph reported that ORDI has become the first BRC-20 token to cross the $1 billion market cap threshold. CoinGecko data reveals that the token hit a high of over $65 on Dec. 5, marking an 850% surge from its $6.80 value on Nov. 5.

The token’s value has since dipped slightly, trading below $61. However, this still represents a massive 2,000% increase from its all-time low of $2.86, recorded on Sept. 11.

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Bitcoin Ordinals, the platform behind the ORDI token, was launched in January by Casey Rodarmor. The platform supports content inscription onto the Bitcoin blockchain, including Non-Fungible Tokens (NFTs) and new tokens using the BRC-20 token standard.

After a short slump in inscription activity in October, Binance’s decision to list ORDI on Nov. 7 appears to have revived interest in the assets. According to Dune Analytics data, since the platform’s inception, over 48 million Ordinals assets have been inscribed, with more than $146.9 million paid in fees to the Bitcoin network.

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