On May 1, the daily volume of transactions in the Bitcoin network reached ATH at 685,711 amid a spike in Ordinals-related activity.
The previous high of the indicator was recorded on December 14, 2017 at the level of 490,459. Then the price of digital gold for the first time approached the $20,000 mark.
The excitement around Ordinals significantly affects various on-chain metrics of the first cryptocurrency: transaction activity, mempool workload, block fullness, etc.
At the time of writing, a total of 3,130,802 bitcoin-NFTs have been issued, according to the @dgtl_assets dashboard on the Dune Analytics platform. 256.6132 BTC ($7.2 million) was spent on their issue in the form of commissions.
More than 370,000 Ordinals have been released in the last 24 hours alone.
The following chart shows a surge in the volume of fees spent on issuing Bitcoin NFTs. This indicates an increased transactional demand and a load on the blockchain of the first cryptocurrency.
If earlier the majority of placed objects were images, now the text format prevails.
Cryplogger previously reported on the suspension of the UniSat wallet for Ordinals.
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