The number of transactions in the Bitcoin network has reached a historical maximum, according to data from the Glassnode analytical platform, which shows that the daily number of transactions has exceeded 426,000. Journalist and analyst Colin Wu notes that this impressive growth is primarily due to the increasing interest in Ordinals. This protocol allows adding metadata to satoshis, effectively creating an NFT market within the largest cryptocurrency network by market capitalization.
Grayscale believes that activity around Ordinals can have a positive impact on the Bitcoin network in the long term, attracting new users and developers to the community. Data from the Dune Analytics platform confirms the growth in the number of “ordinals” in the Bitcoin network. Yesterday, a record growth of 223,000 “ordinals” in a day was recorded, and the total number of Bitcoin NFTs today exceeds 2.4 million.