The past month has witnessed an unprecedented surge in the number of Ordinal inscriptions, with the total surpassing the 7 million mark. This remarkable milestone coincides with an unprecedented 500,000 transactions in the mempool on May 7, 2023, and fees of 1,324 BTC paid to miners for processing Ordinal transactions that have swelled to a market capitalization of $35.86 million. Market trends indicate that Ordinal inscriptions have been particularly lucrative for NFT collectors and have even outpaced existing trends to become the second-largest blockchain in terms of overall NFT sales this month. It’s clear that Ordinal inscriptions have swelled in mainstream novelty, and the momentum of this trend appears unstoppable.
Jaxon Chavez
- 2023-05-19
Unprecedented Surge In Ordinal Inscriptions
This past month has witnessed an unprecedented surge in the number of Ordinal inscriptions, surpassing the 7 million mark. Market trends indicate that Ordinal inscriptions have outpaced existing trends and have become the second-largest blockchain in terms of overall NFT sales this month.
