Cryptory.net - In the last 5 days, Avalanche users have spent millions of dollars in transaction fees to mint and move Inscriptions-based tokens and NFTs.
Despite the recent price decline and speculation about the waning buzz surrounding Bitcoin NFTs, ordinal inscriptions have remained the predominant activity on the Bitcoin network in the past week.
Sales volume and transactions for Bitcoin NFTs have been steadily decreasing since June, suggesting a potential decline in interest for Bitcoin Ordinals.
Bitcoin Ordinal inscriptions approach 19 million, a trend for 218 days since December 16, 2022. Miners have earned around 1,847.66 BTC in fees, equivalent to approximately $55.29 million, confirming the vast number of inscriptions.
A renowned economist and author of The Bitcoin Standard recently conveyed his opinion that Bitcoin (BTC) has the potential to tackle the obstacles confronting the present-day financial system.
Recently, there has been a surge in activity for Bitcoin ordinal inscriptions, leading to a significant increase in the number of inscription transactions.
Cryptory.net - A new token standard called BRC-20 has created a new craze, pushing the number of Ordinals inscribed on the Bitcoin network to all-time high.
Magic Eden, one of the biggest cross-chain NFT platforms, launched a “fully audited” marketplace for Bitcoin Ordinals, utilizing on the growing interest in “Bitcoin NFT”.
