Over 100K Ordinals minted on Bitcoin

by Jeremy

Fast Take

  • Since launching in January, the emergence of Ordinals and inscriptions has now surpassed 100,000 inscriptions, based on Dune Analysis knowledge.
  • Ordinals leverage the Taproot mushy 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 an increase within the imply block measurement, which has elevated from 1.5 to 2MB to three and three.5MB over the previous week.
Inscribing ordinals: (Source: Dune)
Inscribing ordinals: (Supply: Dune)
Taproot Adoption: (Source: Glassnode)
Taproot Adoption: (Supply: Glassnode)
Mean Block Size: (Source: Glassnode)
Imply Block Measurement: (Supply: Glassnode)

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