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TechFlow reports, according to Etherscan monitoring, that over the past few weeks 95% of transaction activity on major EVM chains has been inscriptions.
It stated that BRC-20 tokens (text-based inscriptions) gradually gained attention in April 2023. Inscriptions were initially a method for creating tokens on Bitcoin. This is a process of etching data (text, images, videos, etc.) onto each satoshi—the smallest denomination unit of Bitcoin.
According to Etherscan monitoring, 95% of transaction activity on major EVM chains in recent weeks has been inscriptions. It notes that BRC-20 tokens (text inscriptions) began gaining attention in April 2023. Inscriptions were initially a method for creating tokens on Bitcoin, involving the process of etching data (text, images, videos, etc.) onto individual satoshis—the smallest denomination unit of Bitcoin.
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