The explosive inscription track is the trigger for the Bitcoin ecosystem to return to its peak.
In January 2023, after the Bitcoin Ordinals protocol was launched, a series of inscription assets including BRC20, Ordinals ARC20 and other inscription assets set off a wave on Bitcoin and other chains. Especially after leading Inscription assets such as ORDI and Sats were listed on Binance and achieved an increase of more than 10,000 times, the FOMO sentiment in the Inscription market has been continuously pushed to new highs, and a new era of "devils dancing" in the Inscription market has been opened. Many users are happy to participate in it. , and enjoy the wealth code brought by the new round of on-chain dividends. Similarly, the crypto market has also ushered in a new round of emotional release after experiencing a long period of silence and depressive bear market.
From a data point of view, according to Dune data, as of December 22, the cumulative fee income from the inscription casting of the Ordinals protocol alone has reached 4,812.3 BTC, which is approximately US$209,890,275. The current total number of inscriptions minted has exceeded 50 million. And after April 2023, Ordinals inscription assets have almost always maintained a high minting volume (this does not include the statistics of other on-chain inscriptions), which fully illustrates the enthusiasm of on-chain players for inscriptions.
