Ad
Insights
Over 100K Ordinals minted on Bitcoin Over 100K Ordinals minted on Bitcoin

Over 100K Ordinals minted on Bitcoin

Taproot adoption and utilization spike to new all-time highs over a 7DMA as the number of Ordinals minted on BTC surpasses 100,000.

Quick Take

  • Since launching in January, the emergence of Ordinals and inscriptions has now surpassed 100,000 inscriptions, according to Dune Research data.
  • Ordinals leverage the Taproot soft fork, which has seen Taproot adoption and utilization spike to new all-time highs of 12.68% and 5.59%, respectively, over a (7DMA).
  • This has resulted in a rise in the mean block size, which has increased from 1.5 to 2MB to 3 and 3.5MB over the past week.
Inscribing ordinals: (Source: Dune)
Inscribing ordinals: (Source: Dune)
Taproot Adoption: (Source: Glassnode)
Taproot Adoption: (Source: Glassnode)
Mean Block Size: (Source: Glassnode)
Mean Block Size: (Source: Glassnode)