Bitcoin Inscriptions surge: 200k created in one day – yet demand remains minimal
Roughly 200,000 Inscriptions were created on April 23 — the biggest one-day count so far for Inscription creation.
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Quick Take
- CryptoSlate recently reported that Inscriptions passed the one million milestone.
- A new record was set for the biggest one-day count for Inscriptions — roughly 200,000 Inscriptions were created on April 23.
- However, the mempool was fully cleared at block 786551 — showing the demand for Inscriptions isn't there.
- Doing a deep dive into this, it seems that the count is coming primarily from text and not representative of images. It appears the new craze is flooding Inscriptions as texts.
