Bitcoin Ordinals dominate majority of BTC transactions
Despite the recent price drop and fading hype over NFTs, Ordinals inscriptions remain prominent on the Bitcoin (BTC) network. On Aug. 21, the developer behind Ordinals, known as “Leonidas,” revealed that Bitcoin had processed 530,788 transactions in the past 24 hours. Impressively, 450,785 of these transactions were related to Ordinals, accounting for 84.9% of the activity on Bitcoin. Over the past 24 hours Bitcoin had 530,788 transaction s. 450,785 of those transaction s were Ordinals related. In the midst of everyone claiming "Ordinals are dead" they have literally accounted for 84.9% of the activity on Bitcoin. You can't make this stuff up. — Leonidas (@LeonidasNFT) August 20, 2023 This comes when many voices in the industry claim that “Ordinals are dead,” he added. Data from Dune Analytics supports this trend, reporting more than 400,000 Ordinal inscriptions on Aug. 20. Additionally, Bitinfocharts has reported a daily Bitcoin transa...