Bitcoin Ordinals Gain Popularity and Drive Surge in Network Fees and Inscription Preferences

05/20 18:41

A recent report by Dune Analytics has highlighted the increasing popularity of Bitcoin Ordinals, with a significant rise in network fees and a shift in inscription preferences. On May 20, the total network fees paid for minting Bitcoin Ordinals reached 1,414 BTC, equivalent to $38.2 million, representing a surge of 700% from April 20 and 831% from April 1.

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