Bitcoin Ordinal Inscriptions Reach New Heights
Bitcoin Ordinal inscriptions have seen a surge in activity this month, following a dip in June. Sunday was the standout day, with over 385,600 inscriptions, marking the third busiest day since the introduction of inscribing NFTs onto the Bitcoin blockchain. Saturday saw 262,000 inscriptions, contributing to a weekend total of approximately 647,000. The total number of inscriptions has been steadily increasing since May and is now nearing the 18-million mark. Binance, the world’s largest trading platform for digital assets, started supporting Ordinals in May.
Main points:
- Bitcoin Ordinal inscriptions have rebounded in July after a decrease in June.
- Sunday was the third busiest day for inscriptions since their introduction.
- The total number of inscriptions is approaching 18 million.
- Binance began supporting Ordinals in May.
- “Other” is currently the busiest category of Ordinal inscriptions.
During the past 30 days, the “other” category has been the most active in terms of Ordinal inscriptions, surpassing image and audio categories. NFTs minted on Bitcoin have generated sales of over $127 million, according to CryptoSlam!.
Hot Take:
The surge in Bitcoin Ordinal inscriptions and the increasing sales of NFTs on the Bitcoin blockchain showcase the growing popularity and adoption of this form of digital art and collectibles. As more platforms and marketplaces support Ordinals, we can expect to see even higher levels of activity and innovation in the NFT space.
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