# Ordinals Climbing

*Author: Bankless*
*Published: Jun 7, 2024*
*Source: https://www.bankless.com/es/ordinals-up-eth-nfts-down*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/06/Group-634-1.png)](https://bankless.cc/3X63Lbf)

  

   Ordinals Climbing
  

  
  Published on June 7, 2024

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      NFT ROUNDUP
    
    
  
  
    
  Ordinals Up, ETH NFTs Down
  

  

 

![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/06/image---2024-06-07T135003.197.png)**This week, bluechip ETH NFTs struggled – with Punks seeing their **[**first sale in the 20s**](https://x.com/punksOTC/status/1798093880711155918)** (ETH) in nearly three years. Meanwhile, Bitcoin-based Ordinals and Runes surged in popularity. **

The total market cap of the top 10 Bitcoin-based NFTs, including Ordinals and Runes, climbed to $1.03B after a daily average trading volume of [$2.25M in May](https://www.coingecko.com/research/publications/ordinals-runes-stats).

Popular collections like NodeMonkes, Bitcoin Puppets, and Runestones had all jumped, up 5%, 8%, and 15%, respectively. Additionally, popular runes like PUPS, a Rune memecoin inspired by Bitcoin Puppets, and WZRD, a Rune token based on Taproot Wizards, are also up [~25%](https://www.coingecko.com/en/coins/pups-ordinals) and [~40%](https://www.coingecko.com/en/coins/bitcoin-wizards). 

Despite lagging behind Ethereum and other chains in sales volume, Bitcoin NFTs have continued to gain global interest. A surge in Google searches, a common metric for measuring sentiment, for "Ordinals" and "Bitcoin NFTs" suggests they still hold strong potential for future growth, something which could be further accelerated by [OP_CAT’s upgrade](https://www.theblock.co/post/290429/bip-420-op-cat-covenants-bitcoin) *if the proposal passes*. 

This serves as a good lesson: whenever Crypto Twitter deems something dead and buried, it’s probably not a bad time to buy.

### **📰 General news**
- **Fashion brands** Jil Sander, Maison Margiela, and Marni [implement Onchain Authentication](https://decrypt.co/233986/jil-sander-maison-margiela-marni-fashion-on-chain-authentication)
- **CryptoPunks** sale in the [20s for the first time in almost 3 years
](https://twitter.com/punksOTC/status/1798093880711155918)

### **🎨 Cryptoart & music**
- **World of Women** integrating with [Tezos to launch a new platform](https://nftnow.com/news/world-of-women-joins-tezos-ecosystem-to-build-a-new-platform-for-empowerment/)
- **BAYC and other Yuga NFTs** will be on auction at [Sotheby's on June 18](https://nftnow.com/news/world-of-women-joins-tezos-ecosystem-to-build-a-new-platform-for-empowerment/)
- **Emily Xie** launches [COMBAT MODE OE](https://x.com/emilyxxie/status/1798106854477754747) for Onchain Summer 2
- **Prohibition Art** launches new [‘pixel blobs’ drop by @numo_0](https://x.com/ProhibitionArt/status/1798384675800670695)
- **Catalog** writes a two-part investigation into the ongoing use of the [music industry's perpetuity (life-of-copyright) deals](https://x.com/catalogworks/status/1797721576907116839)

### **🏆 Digital collectibles**
- **OKX and McLaren F1** launch a [“Race Rewind” NFT series](https://decrypt.co/234186/f1-team-mclaren-reveals-free-ethereum-nfts-with-okx)
- **Dapper Labs** settles with customers for [$4M over securities allegations](https://decrypt.co/233621/dapper-labs-reaches-4-million-settlement-nba-top-shot-nft-lawsuit)

### **📱 Onchain social**
- **Friend Tech** [now has 177 users](https://x.com/cherdougie/status/1798016845641027935)
- **Enjoy**, Zora’s memecoin, [finishes its first season](https://x.com/enjoytech_/status/1798064677156683921)

### **🌐 Virtual worlds**
- **The Sandbox** raises [new round at $1B Valuation](https://www.bankless.com/the-sandbox-raises-at-1b-valuation?ref=onepagecrypto.com)
- **Decentraland** has a [Campaign update coming June 10](https://x.com/decentraland/status/1798026602808558039)

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