Bitcoin Ordinals continue their relentless takeover of the network–nearing the all-time high for daily inscriptions, whilst maintaining low fees. 

There was an impressive surge in activity over the weekend, according to crypto data provider Dune, with Sunday clocking the second-busiest day in Ordinal history, registering 385,920 inscriptions. The number is slightly below the number one placeholder, May 7 (also a weekend), which saw over 400,000 inscriptions. 

Even so, Bitcoin transaction fees have remained low after their May highs, according to Dune’s Ordinal dashboard. Sunday, which saw the spike in inscription activity, only notched 2.5 BTC in fees.

Indeed, given the parabolic rise in inscriptions—which currently number 16,299,730—and the social madness that ensued, fees have actually been consistently low over the past weeks. Users haven’t paid more than 3 BTC a day during the month of July, and t

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Author: Pedro Solimano

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