Bringing extra complicated merchandise to the community had the impact of utilizing up extra block house, and competitors for this house drove up transaction charges. In truth, in Might of 2023, through the peak of the preliminary Ordinals craze, transaction charges accounted for a full 43% of the entire revenue per block. Later in 2023, Ordinal demand once more spiked and noticed charges on particular person transactions spike as excessive as $37, a degree not seen in over two years prior.
