As Ordinal Transaction Dominance Soars, NFT Advocates Question Bitcoin’s Reported Downturn – Bitcoin News
August 22, 2023
Metrics reveal a significant day for the Bitcoin blockchain as 411,511 Ordinal inscriptions were minted Sunday, clinching the title of the second most prolific day for inscriptions ever. Additionally, over the past seven days, Ordinal inscriptions represented a hefty 53.9% of all transaction activity on the Bitcoin network.
Ordinals’ Unprecedented Impact: 53% of Bitcoin’s Weekly Transactions…