The inception of Bitcoin Ordinals has brought new meaning to the prominent blockchain network. Following the Inscriptions process, each of the smallest unit of a BTC — Satoshi (SAT) — will now have more significance. The overall transaction fees over the Bitcoin network have surged in the past several months after the NFTs launch. But the declining graph of NFT sales across blockchains affected the Bitcoin NFT realm too.
According to Glassnode data, the dominance of Inscriptions in overall Bitcoin transaction fees saw a drop in the last past months. Currently, its share accounts for 26% of the total fees …
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