- Over 10 million Bitcoin Ordinals Inscriptions minted, with more than 80% associated with BRC-20 tokens.
- Paid fees amount to 1578.46 BTC, equivalent to approximately $44 million.
- Daily minting of Ordinals Inscriptions is around 200k.
The Bitcoin Ordinals Inscriptions have achieved a significant milestone, surpassing 10 million in quantity. These unique digital tokens play a pivotal role in the cryptocurrency ecosystem, offering a range of benefits and applications.
Read CRYPTONEWSLAND on
google news
Among the vast number of inscriptions, more than 80% are associated with BRC-20 tokens, highlighting their widespread adoption and usage.
What’s even more impressive is the substantial fees paid for these inscriptions, totaling 1578.46 BTC, equivalent to approximately $44 million. This figure illustrates the growing value and demand for Bitcoin Ordinals Inscriptions, as more individuals and businesses recognize their utility and potential.
On a daily basis, the minting of Ordinals Inscriptions remains strong, with an approximate rate of 200,000 new inscriptions being created. This consistent and active participation in the ecosystem demonstrates the ongoing interest and engagement of users.
Bitcoin Ordinals Inscriptions have become an essential element of the digital asset landscape, offering a secure and decentralized means of interacting with the blockchain. The versatility and immutability of these inscriptions provide individuals and businesses with increased confidence and trust in their transactions.
In conclusion, the number of Bitcoin Ordinals Inscriptions has surpassed 10 million, with over 80% associated with BRC-20 tokens. The substantial fees paid for these inscriptions highlight their value, totaling 1578.46 BTC ($44 million). The daily minting rate of approximately 200,000 inscriptions indicates a thriving ecosystem. Bitcoin Ordinals Inscriptions continue to solidify their place in the cryptocurrency market, offering a reliable and secure means of blockchain interaction.
Recommended News :
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
