Bitcoin Ordinals saw busy weekend as inscriptions neared 650,000
Quick Take
- Ordinal inscriptions hit 385,600 on Sunday as July continues to be a busy month for NFTs created on Bitcoin.
After the volume of Bitcoin Ordinal inscriptions dipped somewhat in June, activity has picked up again this month.
The busy weekend was particularly buoyed by Sunday, which saw slightly over 385,600 inscriptions, according to a Dune Analytics dashboard. That's the third busiest day since the introduction of inscribing NFTs onto the Bitcoin blockchain.
On Saturday, the number of inscriptions hit 262,000, making for a weekend total of roughly 647,000.
The total number of inscriptions began to soar in May and is now racing towards the 18-million mark. Binance, the world's largest trading platform for digital assets, began supporting Ordinals in May.
Bitcoin inscriptions daily volume. Source: Dune
One of the busiest categories of Ordinal inscriptions this month has not been image or audio, but instead a type labeled "other." During the past 30 days, NFTs minted on Bitcoin have seen sales over more than $127 million, according to CryptoSlam!.
Bitcoin Ordinals by Type. Source: Dune
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