Over 100K Ordinals minted on Bitcoin

quick take

  • Since launching in January, there are now over 100,000 occurrences of ordinal numbers and inscriptions, according to data from Dune Research.
  • Ordinal leveraged a soft fork of Taproot, which saw Taproot adoption and usage skyrocket to all-time highs of 12.68% and 5.59% respectively (7DMA).
  • This has resulted in an increase in average block size, from 1.5-2MB to 3-3.5MB over the past week.
Ordinal notation: (Source: Dune)
Adoption of Taproot: (Source: Glassnode)
Adoption of Taproot: (Source: Glassnode)
Average block size: (Source: Glassnode)
Average block size: (Source: Glassnode)

Over 100K Ordinals posts made in Bitcoin first appeared on CryptoSlate.

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