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Sustained Bitcoin mempool congestion shows unwavering demand for Ordinals Inscriptions Sustained Bitcoin mempool congestion shows unwavering demand for Ordinals Inscriptions

Sustained Bitcoin mempool congestion shows unwavering demand for Ordinals Inscriptions

with insights from Glassnode

The consistent demand for Inscriptions suggests they may have found a niche and a dedicated user base.

Sustained Bitcoin mempool congestion shows unwavering demand for Ordinals Inscriptions

Cover art/illustration via CryptoSlate

"Bitcoin's venture into the NFT space with its unique Ordinals and Inscriptions has undeniably disrupted the crypto market. But are they just a passing fad? Data from the Bitcoin mempool tells a different story, with persistent congestion indicating sustained demand... This demand coincides distinctly with the rise in new Inscriptions. But what does this mean for transaction fees and the overall stability of the Bitcoin network? And as image-based Inscriptions make way for text-based ones, what does this tell us about..."