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Bitcoin sees the second-highest number of new Inscriptions per day

August 7, 2023
in Crypto Exchanges
Reading Time: 1 min read
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A complete of 400,000 new Ordinal Inscriptions had been added to the Bitcoin blockchain on Aug. 7.

In response to knowledge from Glassnode, that is the second-highest variety of new Inscriptions added in a 24-hour window. The earlier excessive was recorded on the finish of July when round 420,000 new Inscriptions had been added.

Ordinals characterize digital belongings, just like NFTs, inscribed on Bitcoin’s smallest denomination — the satoshi. Inscriptions noticed an enormous spike in recognition when launched firstly of the yr, ultimately main to an enormous improve in transaction charges that grew mining profitability.

bitcoin ordinal inscriptions count
Graph displaying the variety of new Inscriptions per day, damaged down by file sort YTD (Supply: Glassnode)

The publish Bitcoin sees the second-highest variety of new Inscriptions per day appeared first on CryptoSlate.

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