Bitcoin NFTs Back in Spotlight as Ordinals Cross 350K Daily Inscriptions

2023-7-12 10:17

Bitcoin Ordinals, a method of generating non-fungible tokens (NFT) through a process called inscribing, debuted in January, bringing the NFT and smart contract narrative to the Bitcoin blockchain.

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Bitcoin NFT Ordinals Boosts Taproot Adoption By 1,000% In Q1 2023

The rise of Bitcoin NFT Ordinals is one of the fascinating developments on the leading blockchain in 2023. This has correlated with an increase in the adoption of Taproot to process transactions.   Driving Taproot Adoption On The Bitcoin Network Data from Dune Analytics shows that Taproot adoption has gone from being used in less than 2% of all Bitcoin transactions to reaching a peak of 9.

2023-2-12 12:51


Bitcoin Activity Hits Highest Since May 2021 As NFTs Gain Steam

On-chain data shows that Bitcoin network activity is now at its highest level since May 2021 as Ordinals NFTs have been rapidly gaining popularity. CryptoQuant’s Bitcoin Network Activity Index Has Shot Up Recently As per data from the on-chain analytics firm CryptoQuant, the BTC network has seen a significant uptick in activity. The relevant indicator […]

2023-2-10 17:30