As of June 18, the latest figures reveal over 12.49 million Ordinal inscriptions have been recorded on the Bitcoin blockchain. The inscription trend has yielded substantial gains for bitcoin miners, who have accumulated 1,732 BTC equivalent to $46 million using today’s exchange rates. However, the BRC20 economy, experiencing a significant decline in value, has suffered the consequences of bitcoin’s recent price plunge throughout the past week.
BRC20 Market Faces Decline as Bitcoin Blockchain Records More Than 12 Million Inscriptions
As of the latest count, there are over 12 million Ordinal inscriptions linked to the Bitcoin blockchain, with the current tally reaching approximately 12,494,695. This sustained trend has contributed to a backlog of more than 300,000 unconfirmed transactions documented by mempool.space.
On Saturday, bitcoin miners confirmed these types of transactions, as well as traditional financial transfers, accumulating a total of 1,737.50 BTC valued at $46.10 mil
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