HomeUncategorizedBitcoin Ordinals daily inscriptions surge due to ‘BRC-20 tokens’ By Cointelegraph

Bitcoin Ordinals daily inscriptions surge due to ‘BRC-20 tokens’ By Cointelegraph

April 3, 2023

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© Reuters.

A new daily all-time high has been recorded for the number of Ordinals inscribed on the (BTC) network due to a recently launched “token standard” for the blockchain.

Bitcoin Ordinals reached 58,179 inscriptions on April 2, smashing the previous all-time high of 31,692 on March 9 by 83.5%, according to Dune Analytics data.

Daily count of Ordinals inscriptions shown in green. Source: Dune Analytics
BRC-20 tokens — which are categorized as text-based Ordinals — are the most commonly inscribed Ordinal on Bitcoin. Source: Dune Analytics.
Bitcoin tokens, through the BRC-20 standard, can now be bought and sold on marketplaces, similar to ERC-20 tokens. Source: BRC-20.io