Statistics reveal a continued trend in the number of Ordinal inscriptions, which recently eclipsed the 23 million mark. The month of August, however, has experienced two notable dips, each registering fewer than 100,000 inscriptions per day. These low points in August occurred specifically on August 4 and August 8, 2023.
From Records to Recursive Ordinals
On August 11, 2023, the Bitcoin blockchain observed the number of Ordinal inscriptions exceeded 23 million. That particular day documented an impressive 252,653 inscriptions, representing more than half of the highest figure in August.
This apex transpired on August 6 as a remarkable 408,810 inscription records were engraved into the chain. This record-breaking feat on August 6 stands as the second-highest daily tally since the introduction of the Ordinal inscription trend.
Since Ordinals’ inception in December 2022, bitcoin (BTC) miners accumulated a total of 1,902.58 BTC from inscriptions, equating to over $55 million in value. Mi
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