Data: Bitcoin Ordinals Trading Volume Drops Sharply

According to Bloomberg, Bitcoin Ordinals trading volume has dropped significantly over the past month, by more than 70%. Analysts say this may be related to the waning interest in Meme coins.
Additionally, Cardano's development team has announced a new upgrade program aimed at improving the network's scalability and security. The program is expected to be phased in over the next few months.
USDT's issuance volume has also increased, indicating that market demand for the stablecoin remains strong. Experts believe that this could be due to investors seeking safe-haven assets.