Insights

Over 100K Ordinals minted on Bitcoin

exchange68September 13, 2024

0 0 1 minute read

Quick Take

Since launching in January, the emergence of Ordinals and inscriptions has now surpassed 100,000 inscriptions, according to Dune Research data.
Ordinals leverage the Taproot soft fork, which has seen Taproot adoption and utilization spike to new all-time highs of 12.68% and 5.59%, respectively, over a (7DMA).
This has resulted in a rise in the mean block size, which has increased from 1.5 to 2MB to 3 and 3.5MB over the past week.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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