Total Bitcoin Inscriptions count approaches 10M

The current run rate of Inscriptions is approximately 200,000 per day; this has noticeably fallen off throughout May.

James Van Straten
Author
James Van Straten
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.
Make preferred on Google logo

Quick Take

  • The total Bitcoin Inscription count is approaching 10 million – currently 9,574,192.
  • Inscriptions are the metadata added onto Bitcoin Satoshis via the Witness portion of a Bitcoin transaction. The metadata can relate to text, images, video, etc., but is limited to about 4 MB.
  • The second chart below shows text-based Inscriptions make up the majority of New Count Inscriptions.
  • The current run rate of Inscriptions is roughly 200,000 per day; this figure has noticeably fallen off throughout May – suggesting a growing reluctance to pay fees.
Inscriptions: (Source: Glassnode)
Inscriptions: (Source: Glassnode)
Inscriptions: (Source: Glassnode)
Inscriptions: (Source: Glassnode)
Advertise with CryptoSlate
Mentioned in this article
Bitcoin
Analyst View profile
James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

Advertise with CryptoSlate
Context

Related coverage

Explore related reporting by asset, place, or topic.

AI Usage Disclosure

CryptoSlate may use AI tools to support research, editing, and production workflows. Published articles remain editorially reviewed by our team. Read our full AI usage disclaimer.

Disclaimer

Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies. For more information, see our company disclaimers.

Bitcoin BTC (24h)
$79,802.78 -1.44%
Market Cap $1.6T
24H Volume $36.13B