ORDI is the native token of the Ordinals Protocol, a system that allows users to inscribe data, such as images, text, or code, directly onto individual satoshis—the smallest unit of Bitcoin. This process, known as Bitcoin ordinals, effectively enables the creation of non-fungible tokens (NFTs) on the Bitcoin blockchain. ORDI serves as a representation of the first project utilizing the Ordinals Protocol and is often considered the inaugural BRC-20 token, a standard inspired by ERC-20 but designed for Bitcoin. This innovation has broadened Bitcoin’s use cases beyond a simple store of value, bringing it into the world of digital collectibles.

ORDI operates using the Ordinals Protocol, which assigns unique numbers to each satoshi in the Bitcoin blockchain, allowing for individual satoshis to carry additional data like images or text. This process is similar to how NFTs work on Ethereum, but ORDI utilizes Bitcoin’s security and immutability. The BRC-20 token standard, introduced through ORDI, allows for the creation and transfer of fungible tokens on Bitcoin by embedding JSON data in ordinal inscriptions. This system enables decentralized applications and tokens to be built on Bitcoin without altering its core protocol.

ORDI serves as both a digital collectible and a representation of the capabilities of the Ordinals Protocol on Bitcoin. It showcases how Bitcoin can support NFT-like assets and fungible tokens through the BRC-20 standard. ORDI’s use cases include digital art, collectibles, and potentially broader applications such as decentralized finance (DeFi) on Bitcoin. By enabling the inscription of data directly onto the blockchain, ORDI opens possibilities for permanent, immutable digital records, providing a new layer of utility to the Bitcoin network.

ORDI was launched in March 2023 as the first token using the BRC-20 standard, inspired by Ethereum’s ERC-20. The token emerged from the Ordinals Protocol, created by Casey Rodarmor, which allows data to be inscribed on Bitcoin satoshis. ORDI quickly gained attention as the first project to demonstrate the protocol’s potential, sparking a wave of interest in Bitcoin-based NFTs and tokens. Its introduction marked a significant development in Bitcoin’s evolution, expanding its utility beyond a store of value and into the realm of decentralized applications and digital collectibles.

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The current market cap of ORDI is $82.682M. A high market cap implies that the asset is highly valued by the market.

The all-time high of ORDI is $96.17. This all-time high is highest price paid for ORDI since it was launched.

Over the last 24 hours, the trading volume of ORDI is $27.103M.

Assets that have a similar market cap to ORDI include MANTRA DAO, Numeraire, Request, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of ORDI is 21 million.