Bitcoin sees the second-highest variety of new Inscriptions per day

A complete of 400,000 new Ordinal Inscriptions have been added to the Bitcoin blockchain on Aug. 7.

In accordance with information from Glassnode, that is the second-highest variety of new Inscriptions added in a 24-hour window. The earlier excessive was recorded on the finish of July when round 420,000 new Inscriptions have been added.

Ordinals characterize digital belongings, just like NFTs, inscribed on Bitcoin’s smallest denomination — the satoshi. Inscriptions noticed an enormous spike in recognition when launched at the start of the 12 months, finally main to an enormous enhance in transaction fees that grew mining profitability.

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