CryptossorCryptossor
  • Home
  • News
    • Global
    • Bitcoin
    • DeFi
    • Cryptocurrency
    • Economy
  • Technology
  • Contact
Facebook X (Twitter) Instagram
Subscribe
CryptossorCryptossor
X (Twitter)
  • Home
  • News
    1. Global
    2. Bitcoin
    3. DeFi
    4. Cryptocurrency
    5. Economy
    6. View All

    Investors Seek Refuge in Cash as Recession Fears Mount, BOFA Survey Reveals

    May 18, 2023

    Report: Well Known Crypto Firms Still Not Adhering to Basic Governance Standards

    May 18, 2023

    EU Council Adopts New Rules for Europe’s Crypto Markets

    May 18, 2023

    BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies

    May 18, 2023

    Chainlink (LINK) pumps 26% in 6 days — Is there room for more?

    November 8, 2023

    Progmat stablecoin platform takes shape as wallet, liquidity providers join

    November 8, 2023

    NFT sales jump to $129M, OpenSea layoffs and Elon Musk slams NFTs: Nifty Newsletter

    November 8, 2023

    LidoDAO launches official version of wstETH on Base

    November 8, 2023

    Defrost Finance Team Calls Rug Pull Claims Slander

    December 30, 2022

    Arab Bank Switzerland Presents 10 DeFi Tokens to Customers

    January 7, 2022

    Celsius Network Confirms They Lost Money In BadgerDAO DeFi Attack

    December 3, 2021

    SEC Chairman Gary Gensler Speaks About DeFi

    December 1, 2021

    Bitcoin Price Predictions for 2023 from the Professionals

    January 11, 2023

    Why Is Bitcoin Price Rising? Will the Ascension Continue?

    January 11, 2023

    Iceberg Capital Launches $1 Billion Fund with Venom Foundation

    January 11, 2023

    What is Flare (FLR)? Flare Token Price and Comment

    January 11, 2023

    The end of the road has appeared for the Plus model of the Samsung Galaxy S series! So what’s the reason?

    January 11, 2023

    Mortgage applications increase in the USA, interest rates decrease

    January 11, 2023

    The expectation for the future of the economy is getting worse: The rate of those who have negative expectations about the economy has increased from 50 percent to 71 percent.

    January 11, 2023

    Economists hope lifting of China’s COVID bans will boost 2023 growth better than expected

    January 11, 2023

    Chainlink (LINK) pumps 26% in 6 days — Is there room for more?

    November 8, 2023

    Progmat stablecoin platform takes shape as wallet, liquidity providers join

    November 8, 2023

    NFT sales jump to $129M, OpenSea layoffs and Elon Musk slams NFTs: Nifty Newsletter

    November 8, 2023

    LidoDAO launches official version of wstETH on Base

    November 8, 2023
  • Technology
  • Contact
CryptossorCryptossor
Home»Altcoin»Ordinal Inscriptions Surpass 1 Million Mark, Miners Collect $4.7M in Fees as Bitcoin NFT Trend Continues
Altcoin

Ordinal Inscriptions Surpass 1 Million Mark, Miners Collect $4.7M in Fees as Bitcoin NFT Trend Continues

cryptossorBy cryptossorApril 10, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Email
Share
Facebook Twitter Pinterest Reddit WhatsApp Email



Ordinal Inscriptions Surpass 1 Million Mark, Miners Collect $4.7M in Fees as Bitcoin NFT Trend Continues

On April 8, 2023, the number of Ordinal inscriptions surpassed the million mark as the non-fungible token (NFT) trend has seemingly become a mainstay. Presently, on Sunday, April 9, the total number of Ordinal inscriptions is 1,049,263, and so far, 169.85 bitcoins worth $4.7 million have been collected in fees.

Ordinal Inscriptions Reach 1 Million


This weekend, Ordinal inscriptions reached a milestone by surpassing the 1 million mark on Saturday, April 8, 2023. Ordinal inscriptions started to see significant demand after the mining pool Luxor mined Bitcoin block No. 774,628, which was not only close to 4 megabytes in size but also contained Ordinal inscription No. 652. Ordinal inscriptions is an idea that sprang from the mind of Casey Rodarmor, which allows users to inscribe satoshis (Bitcoin’s smallest unit) with arbitrary content such as text, pictures, video, and even software.



Dune Analytics metrics compiled by the user @dgtl_assets indicate that 169.85 BTC worth $4.7 million associated with Ordinal inscriptions have been collected by miners since the trend began. The same Dune user, @dgtl_assets, offers another page of analytical insights that shows the collective volume between six different Ordinal inscription marketplaces. Markets include Ordinals Market, Ordswap, Ordinals Wallet, Open Ordex, Gamma, and Magic Eden.

These six Ordinal inscription markets have seen an aggregate total volume that amounts to $19.31 million. So far, 53,124 trades have been executed by 18,462 unique traders, according to the Ordinal inscription marketplace data. Bitcoin commands a great deal of the volume, but the Ethereum blockchain is also accounted for in terms of volume. The leader in unique users by market is Ordinals Wallet, followed by Ordswap.



Meanwhile, the Ordinal inscription milestone reaching the 1 million mark comes at a time when a new way of minting arbitrary content to the Bitcoin blockchain has gained traction called Bitcoin Stamps. So far, there are only 17,293 Bitcoin Stamps on the Bitcoin network at the time of writing, but the project has continued to see increased adoption since its creator, Twitter user Mike in Space, launched the project. Furthermore, on the Litecoin blockchain, there are 224,054 Litecoin-based Ordinal inscriptions since the idea was ported over to Litecoin.

What are your thoughts on the ordinal inscription trend? Share your thoughts about this subject in the comments section below.





Source link

Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email
Previous ArticleLuck Strikes Again: Player Wins 6 BTC Jackpot on Book of the Fallen at Bitcoin.com Games
Next Article Russian Law Enforcement Prepares to Seize Crypto Assets, Seeks Permission to Set Up Wallets
cryptossor
  • Website
  • X (Twitter)

The most realistic News Of The Crypto [email protected] https://twitter.com/cryptossorcom

Related Posts

Investors Seek Refuge in Cash as Recession Fears Mount, BOFA Survey Reveals

May 18, 2023

Report: Well Known Crypto Firms Still Not Adhering to Basic Governance Standards

May 18, 2023

EU Council Adopts New Rules for Europe’s Crypto Markets

May 18, 2023

BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies

May 18, 2023

146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’

May 17, 2023

Axie Infinity Origins Breaks Through Apple’s App Store Barrier, Now Accessible to Select iOS Users

May 17, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Advertisement
Our Picks
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Bitcoin

Chainlink (LINK) pumps 26% in 6 days — Is there room for more?

By cryptossorNovember 8, 2023

Chainlink’s (LINK) token has experienced a remarkable 26% surge between Nov. 2 and Nov. 8,…

Progmat stablecoin platform takes shape as wallet, liquidity providers join

November 8, 2023

NFT sales jump to $129M, OpenSea layoffs and Elon Musk slams NFTs: Nifty Newsletter

November 8, 2023

LidoDAO launches official version of wstETH on Base

November 8, 2023

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Facebook X (Twitter) Pinterest

Type above and press Enter to search. Press Esc to cancel.