Home > NEWS > Bitcoin Ordinals saw busy weekend as inscriptions neared 650,000

Bitcoin Ordinals saw busy weekend as inscriptions neared 650,000

Volume for Ordinal inscriptions has been robust this month after a dip in June.

After the volume of Bitcoin Ordinal inscriptions dipped somewhat in June, activity has picked up again this month.

The busy weekend was particularly buoyed by Sunday, which saw slightly over 385,600 inscriptions, according to a Dune Analytics dashboard. That's the third busiest day since the introduction of inscribing NFTs onto the Bitcoin blockchain.

On Saturday, the number of inscriptions hit 262,000, making for a weekend total of roughly 647,000.

The total number of inscriptions began to soar in May and is now racing towards the 18-million mark. Binance, the world's largest trading platform for digital assets, began supporting Ordinals in May.

bitcoin ordinal dune

Bitcoin inscriptions daily volume. Source: Dune

One of the busiest categories of Ordinal inscriptions this month has not been image or audio, but instead a type labeled "other." During the past 30 days, NFTs minted on Bitcoin have seen sales over more than $127 million, according to CryptoSlam!.

bitcoin ordinal dune

Bitcoin Ordinals by Type. Source: Dune

source:theblock

by RT Watson
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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