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The number of Ordinals inscriptions exceeded 65 million, which has generated more than 458 million US dollars in network fees for miners

The number of Ordinals inscriptions exceeded 65 million, which has generated more than 458 million US dollars in network fees for miners

2024/04/11 07:57

PANews reported on April 11 that according to Cointelegraph, Dune data showed that Ordinals exceeded the 65 million mark on April 11, less than a year and three months after its launch in January 2023. There are currently only 8 days left until the Bitcoin halving event. Additionally, Ordinals have generated more than $458 million in network fees for Bitcoin miners to date, according to Dune.

Velar CEO Mithil Thakore said in an interview: “The 65 million milestone data shows that Bitcoin’s block space demand is increasing, and more Bitcoin Layer 2 networks are also needed.” MerlinSwap co-founder Nash Lee said, If current adoption rates continue, BTCFi may rival Ethereum-based DeFi innovation in the future.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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