Bitcoin Continues to Record Blocks Above the 3.75 MB Range as Ordinal Inscriptions Near 150,000

As Ordinal inscriptions attack the 150,000 mark, blocks larger than 3 MB person go commonplace, with galore blocks adjacent the 4 MB range. Meanwhile, aft the mean transaction interest on-chain roseate 122% higher astatine the opening of February 2023, the mean interest has remained the aforesaid implicit the past fewer weeks and is presently coasting on astatine $1.77 per transfer.

Ordinal Inscriptions Close successful connected Reaching 150K Milestone

On Feb. 19, 2023, the fig of Ordinal inscriptions is approaching 150,000 aft a important summation successful request since the extremity of January. A week ago, Bitcoin.com News reported that blocks larger than 3 MB are now commonplace and are being mined regularly. This has accrued the mean artifact size, which is calculated by adding up the full of each artifact sizes mined successful a time and dividing the full by 144, which is the mean fig of blocks mined daily. Statistics from ycharts.com amusement that the mean artifact size reached a precocious of 2.525 MB connected Feb. 12, 2023.

The mean artifact size has decreased and was 2.114 MB connected Feb. 18, 2023. Along with the blocks larger than 3 MB, determination are besides an expanding fig of blocks adjacent the 4 MB scope being mined. According to statistic from blockchair.com, a agelong database of blocks that are 3.75 MB oregon larger has been mined. For example, artifact heights #774,628, #777,302, #776,310, #777,320, and #777,303 are each 3.93 MB oregon larger. All of the blocks larger than 3.75 MB person been mined successful February.

Average onchain fees for Bitcoin person remained unchangeable aft a 122% increase successful mean interest costs during the archetypal week of Feb. 2023, and person continued to beryllium wrong the scope of $1.7. On Feb. 15, 2023, BTC fees did summation to a precocious of $2.465 per transfer. As of Feb. 18, 2023, median-sized fees are astir 0.00003 BTC oregon $0.744 per transfer. Median fees connected Bitcoin person besides remained unchangeable aft the archetypal summation during the archetypal week of February.

Only 4 days ago, the fig of Ordinal inscriptions deed 100,000, and present it is steadily approaching 150,000. As of the clip of writing, determination are astir 145,630 Ordinal inscriptions embedded into the Bitcoin blockchain.

What bash you deliberation astir Ordinal inscriptions coming awfully adjacent to reaching 150,000? Share your thoughts successful the comments conception below.

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