CORRECTION: Data from glassnode shows the number of new daily inscriptions on Bitcoin have surged to over 350,000, bringing ordinals back into focus. Reports godbole17.
: Corrects number of inscriptions in the headline and text to 350K daily from 3.5M total.
The number of new inscriptions rose to over 350,000 on Monday, according to data tracked by blockchain analytics firmThe daily tally has surged by over 250% since Ordinals launchpad Luminex unveiled the Bitcoin Request for Comment -69 token standard on July 3. The modified version of the"With BRC69, we can reduce the costs of inscriptions for Ordinals collections by over 90%.
While the number of new inscriptions has surged, the daily fees paid for inscriptions remain stagnant, according to data tracked by Dune Analytics.in January, bringing the NFT and smart contracts narrative to the Bitcoin blockchain and spurring investor interest in tokens like STX, the native token of Bitcoin layer 2 Stacks Network.
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