Ordinalsโ Unprecedented Impact: 53% of Bitcoinโs Weekly Transactions Defined by Inscriptions
This article discusses the increasing impact of Ordinal inscriptions on the Bitcoin blockchain, highlighting their significant presence in recent weeks.
- A record number of 25,620,164 Ordinal inscriptions now exist on the Bitcoin blockchain.
- Ordinal inscriptions reached their second-highest volume ever with 411,511 inscriptions in a single day.
- The Dappradar report suggesting a 97% drop in Ordinal inscription sales has sparked controversy, with Trevor.btc questioning its accuracy.
- Leonidas, founder of Ord.io, emphasized the substantial activity surrounding Ordinal inscriptions, accounting for 53.9% of Bitcoin activity.
- Recent data shows that on August 20, 67.18% of all Bitcoin transactions were Ordinal inscriptions.
Despite the controversy and varying data, it is clear that Ordinal inscriptions have made a significant impact on the Bitcoin blockchain. While there may be fluctuations in their popularity, the overall trend suggests that they are a noteworthy aspect of the crypto space.
Benito Cormi, the brilliant crypto analyst who has made waves in the world of cryptocurrency. With his razor-sharp analytical skills and deep understanding of the digital asset landscape, Benito has become a trusted figure in the industry and remains at the forefront, tirelessly researching and analyzing market trends to help individuals and businesses make informed decisions in this dynamic landscape.
