Bitcoin Witnesses Second-Highest Daily Ordinal Inscription Count as Inscriptions Near 30 Million

While Bitcoin-based nonfungible token (NFT) income person declined, and the web has dropped to seventh retired of 23 blockchains successful income this past month, Ordinal inscriptions proceed unabated. The fig of inscriptions linked to the Bitcoin blockchain is nearing 30 million. On September 3, a grounds 418,240 inscriptions were minted, marking the second-highest regular complaint to date.

Bitcoin’s Ordinal Inscriptions Hit Second-Largest Daily Total

As of 10 a.m. Eastern Time connected September 7, 2023, astatine artifact tallness 806,606, determination are astir 29.48 cardinal Ordinal inscriptions tied to the Bitcoin blockchain. Bitcoin miners person to day received an estimated 1,976.62 BTC, valued astatine $50.85 cardinal astatine existent speech rates, from Ordinal inscriptions. Daily inscriptions proceed astatine a accelerated pace, with September 3 seeing the second-highest fig astatine 418,240.

The highest fig of Ordinal inscriptions was connected July 30, 2023, with the third-highest regular complaint connected August 20, 2023. Given the existent trajectory, the fig of Ordinal inscriptions connected the BTC concatenation volition apt transcend 30 cardinal this weekend. Of the astir 30 cardinal inscriptions today, 17.53 cardinal are successful the “text/plain;charset=utf-8” format, and 10.17 cardinal are successful “text/plain.” The remaining inscriptions encompass formats specified arsenic representation files, videos, GIFs, and bundle applications.

In summation to a surge successful regular inscriptions, the inscriptions per block support impressively precocious figures. Moreover, information from Dune Analytics indicates that, arsenic of September 3, recursive inscriptions tally astir 148,568. “Recursives” amplify the versatility and composability of inscriptions and infuse an constituent of unpredictability into them. Dune Analytics metrics amusement Ordinal marketplace income totaling $308.49 cardinal to date.

That measurement comes from 714,913 trades involving 177,573 unsocial users connected platforms specified arsenic Okx, Unisat, Magic Eden, Gamma, Open Ordex, Ordinals Wallet, Ordswap, and Ordinals Market. Okx, Unisat, and Magic Eden person the astir important volumes. Cryptoslam.io data indicates that Bitcoin’s all-time measurement stands astatine $539.71 million, involving 154,350 buyers and 146,898 sellers successful 781,431 transactions.

What bash you deliberation astir Bitcoin’s Ordinal inscriptions trend? Share your thoughts and opinions astir this taxable successful the comments conception below.