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 Defined by Inscriptions
Fast forward to 8:15 a.m. Eastern Time on Monday morning August 21, 2023, a significant 25,620,164 Ordinal inscriptions now grace the Bitcoin blockchain. Just a day ago on Sunday, the network witnessed the minting of Ordinals spike to its second-highest volume ever with 411,511 inscriptions. Still topping the chart is July 30, 2023, when a record 422,164 inscriptions were minted in a single day.
A recently published Dappradar report, which suggests a 97% drop in Ordinal inscription sales from their peak, has generated significant buzz and controversy. An X user, Trevor.
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