Over 100K Ordinals minted on Bitcoin

Quick Take Since launching in January, the emergence of Ordinals and inscriptions has now surpassed 100,000 inscriptions, according to Dune Research data. Ordinals leverage the Taproot soft fork, which has […]

Quick Take

Since launching in January, the emergence of Ordinals and inscriptions has now surpassed 100,000 inscriptions, according to Dune Research data.
Ordinals leverage the Taproot soft 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 a rise in the mean block size, which has increased from 1.5 to 2MB to 3 and 3.5MB over the past week.

Inscribing ordinals: (Source: Dune)
Taproot Adoption: (Source: Glassnode)
Mean Block Size: (Source: Glassnode)

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