Bitcoin Inscriptions surge: 200k created in one day – yet demand remains minimal 
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.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Featured Data Partner
