While Bitcoin-based nonfungible token (NFT) sales have declined, and the network has dropped to seventh out of 23 blockchains in sales this past month, Ordinal inscriptions continue unabated. The number of inscriptions linked to the Bitcoin blockchain is nearing 30 million. On September 3, a record 418,240 inscriptions were minted, marking the second-highest daily rate to date.
Bitcoin’s Ordinal Inscriptions Hit Second-Largest Daily Total
As of 10 a.m. Eastern Time on September 7, 2023, at block height 806,606, there are about 29.48 million Ordinal inscriptions tied to the Bitcoin blockchain. Bitcoin miners have to date received an estimated 1,976.62 BTC, valued at $50.85 million at current exchange rates, from Ordinal inscriptions. Daily inscriptions continue at a rapid pace, with September 3 seeing the second-highest number at 418,240.
The peak number of Ordinal inscriptions was on July 30, 2023, with the third-highest daily rate on August 20, 2023. Given the current trajectory, t
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