Here's how Bitcoin Ordinals fared over the last month. At some point, activity on the network was quiet. Other times, it was not.
crossing the 24 million landmark could be linked to a hike in daily inscriptions. On 14 August, the daily inscriptions minted on the Bitcoin blockchain was 317, 350. This represented the highest number over the last week.But before the recent increase, Bitcoin Ordinals witnessed a down season. For instance, on 2, 12, and 22 July, the number of inscriptions stood at an extremely low level and did not edge any closer to the peaks. On 7 and 8 August, the situation continued.
The decline in the aforementioned times explains how interest in Bitcoin Ordinals subdued. Furthermore, the activity rate was also not as impressive as in the first quarter . Thus, the decrease meant thatRecall that Ordinals, put forward by Casy Rodarmor, emerged around the first three months of the year. And despite the controversy around the application on the Bitcoin network, its
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