On April 8, 2023, as if the Non-Fungible Token (NFT) trend had gone mainstream, the number of Ordinal subscriptions surpassed 1 million. Now, on Sunday, April 9, the total number of Ordinal subscriptions stands at 1,049,263, with 169.85 bitcoins and $4.7 million worth of fees collected so far.
Audinal Inscriptions reach 1 million
This weekend, on Saturday, April 8, 2023, Ordinal inscriptions reached a milestone, surpassing the one million mark.Ordinal inscriptions were in great demand after mining pool Luxor mined bitcoin block no.began to occur. at 774,628, which not only was close to 4 megabytes in size, but also contained. ordinal inscription No. 652. The ordinal inscription was an idea that arose from the head ofCasey Lodermore. The smallest unit of bitcoin, the satoshi, can be inscribed with any content, including text, photos, videos, software, etc.
Dune Analytics metrics user compiled@dgtl_assetsshows 169.85Since the trend began, $4.7 million worth of BTCassociated with the Ordinal inscription has been collected by miners. The same Dune user, @dgtl_assets, offers another page of analytical insights showing the collective volume among six different Ordinal inscription marketplaces. The markets include Ordinals Market, Ordswap, Ordinals Wallet, Open Ordex, Gamma, and Magic Eden.
These six Ordinal nameplate markets have a combined volume of $19.31 million. So far,. 53,124 tradeshave been executed by 18,462 unique traders, according to Ordinal inscription marketplace data. Bitcoin accounts for the majority of trading volume, but the Ethereum blockchain is also accounted for in trading volume. Ordinals Wallet is the leader in unique users by market, followed by Ordswap.
Meanwhile, the Ordinal inscription milestone has reached the one million mark at a time when a new way to cast arbitrary content onto the Bitcoin blockchain called Bitcoin Stamps is gaining popularity. So far, there are onlyof them. 17,293 Bitcoin Stampson the Bitcoin network at the time of writing, but the project has seen increasing adoption since its creator, Twitter userMicrophone in Space” and launched the project. Additionally, on the Litecoin blockchain, there are224,054 Litecoin-based Ordinal inscriptions since it was ported to Litecoin.
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