The recent analysis of Bitcoin Inscriptions reveals a substantial uptick in activity and interest, a trend that carries notable implications for network performance and user costs. Between Aug. 10 and Nov. 6, 2023, the total count of Bitcoin Inscriptions escalated from 22.66 million to 38.27 million, with Text/BRC-20 inscriptions – which allow for embedding text or token data in transactions – swelling from 18 million to 32.7 million.
Graph showing the total number of Bitcoin Inscriptions in 2023 (Source: Glassnode)
A significant increase in the daily creation of new inscriptions was noted on Nov. 5, surging to 440,000 from just 40,000 on Oct. 5. Furthermore, the proportion of Text/BRC-20 transactions to the total volume dramatically rose to 62% on Nov. 5, a stark contrast to the 10% on Oct. 5, which points to a considerable shift in the types of transactions users are conducting on the Bitcoin network.
Chart showing the number of new Inscriptions created daily in 2023 (Source: Gla
We współpracy z: https://cryptoslate.com/rising-bitcoin-inscriptions-activity-signals-shift-in-transaction-types/
