Bitcoin Ordinals are going nowhere, with data reporting that nearly 85% of network activity on Bitcoin was Ordinals-related.
The Bitcoin Ordinal’s domination comes despite the fact that Bitcoin’s price has seen a considerable decrease and suggestions that the hype around Bitcoin NFTs may have taken a back seat.
Ordinals Continue To Dominate Bitcoin Network
On the 21st of August, Bitcoin Ordinals developer Leonidas took to X (formerly Twitter) to highlight that Bitcoin had around 530,788 transactions over the past 24 hours. Leonidas stated that out of this number, 450,785 were transactions that were related to Ordinals. Leonidas stated in their post,
“Over the past 24 hours, Bitcoin had 530,788 transactions. 450,785 of those transactions were Ordinals related. In the midst of everyone claiming “Ordinals are dead,” they have literally accounted for 84.9% of the activity on Bitcoin. You can’t make this stuff up.”
Data from Dune Analytics backed up the trend, with the
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