Ordinals generated over $458 million worth of total network fees, which is a significant lifeline for Bitcoin miners ahead of the upcoming halving.
The Bitcoin network has surpassed 65 million Ordinals inscriptions just days before the much-anticipated Bitcoin halving.
Ordinals inscriptions surpassed the 65 million mark on April 11, less than one year and three months since their launch in January 2023, according to Dune data.
Ordinals are the first iteration of nonfungible tokens (NFTs) on Bitcoin, the world’s first blockchain network. Ordinals live solely on the Bitcoin blockchain, unlike most of today’s popular NFT collections that host their metadata on centralized servers, creating additional points of vulnerability.
