Ordinals inscriptions approach 4.8M, nearly doubling in just over a week
The BRC-20 token frenzy has seen the number of Ordinals inscriptions on the Bitcoin network soar 92% in just eight days.
May 09, 2023
The number of Ordinals inscriptions on the Bitcoin network has witnessed another meteoric rise, almost doubling from 2.5 million to 4.78 million in just the last eight days.
While the Ordinals protocol was initially used to mint images as non-fungible tokens (NFTs), users began to realize that they could use text-based inscriptions to create fungible tokens in a similar way to those minted via the ERC-20 token standard on the Ethereum (ETH) network.
To continue at original source; https://cointelegraph.com/news/ordinals-inscriptions-approach-4-8m-nearly-doubling-in-just-over-a-week
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