The Rise and Retreat: Bitcoin’s Ordinal Inscription Wave Ebbs
With more than 35 million Ordinal inscriptions now on record, the inscription surge we’ve been witnessing is showing
signs of slowing. Following that day, inscriptions skyrocketed at a significant pace.
However, merely ten days later,
the landscape shifted dramatically. Moreover, inscribers are shelling out fewer fees to miners.
As of now, miners have pocketed approximately 2,120.92 BTC, translating to around $59 million, from processing inscription transactions.
Close behind, 42.4% are labeled “text/plain,” adding up to about
14.93 million inscriptions.
Ordinal inscription sales have taken a notable dip, with a marked drop in sales since the close of June.
Yet, there’s a silver lining.
The BRC20 token market has experienced a modest uptick of about 3% this week, reaching a
value of $180.31 million. However, the lot of B
RC20s today have lost 0.6% in 24 hours.
