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TechFlow News, according to Dune Analytics data, since its launch, the Bitcoin-based NFT protocol Ordinals has driven a continuous rise in Bitcoin network spending on Inscriptions.
As of February 7, the Ordinals protocol accounted for 12% of total transaction fees and 0.3% of block rewards on the Bitcoin network, continuing exponential growth and causing the most severe Bitcoin mempool congestion since the bankruptcies of FTX and 3AC.Source link
According to Dune Analytics data, since its launch, spending on the Bitcoin network for inscriptions via the Bitcoin-based NFT protocol Ordinals has been continuously rising. As of February 7, the Ordinals protocol has accounted for 12% of total transaction fees and 0.3% of block rewards on the Bitcoin network, with usage still growing exponentially, causing the most severe Bitcoin mempool congestion since the bankruptcies of FTX and 3AC.
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