The number of Ordinals inscriptions on Bitcoin network has crossed 25 million, marking a remarkable milestone for the protocol launched in December 2022. The record number is amid a decline in trading volume for these digital assets.

Since the beginning of the year, Inscriptions on the flagship digital asset blockchain have generated massive interest and significantly impacted network activities.

Bitcoin Ordinals Cross 25 million

According to Dune analytics data, the number of inscriptions on Bitcoin is now more than 25 million — reaching a daily all-time high of 422,164 on July 30. Ordinals Inscriptions are similar to NFTs that can be inscribed into the smallest denomination of a Bitcoin, Satoshi. 

Of the more than 25 million Inscriptions, recursive Inscriptions account for about 140,000. Recursive inscriptions are an upgrade on Ordinals, allowing developers to use data from previous inscriptions in new ones. This will enable developers to bypass the size limit on Bitcoin blocks.

With recursive inscription, Bitcoin might soon be capable o

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Author: Oluwapelumi Adejumo

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