• Inscriptions transactions make up over 50% of transactions on Avalanche and BSC.
• There has been a rise in fees on both networks due to gas fees from Inscriptions.

While Bitcoin [BTC] Inscriptions presented one set of challenges, they introduced a different dynamic on networks like Avalanche [AVAX] and Binance Smart Chain [BSC].

This impact has recently been felt across various networks, but it has remained strong on these networks.

Avalanche and BSC lead in Inscription numbers

Hildobby’s data on Dune Analytics showed a recent uptick in hourly Inscriptions on different networks. While Avalanche and Binance Chain have maintained a consistent pattern, Arbitrum gained prominence around the 15th of December.

The hourly Inscriptions on Arbitrum were over 900,000 on the 15th and the 16th of December before experiencing a decline. Subsequently, zkSync took the lead, recording over 400,000 hourly Inscriptions between the 16th and the 17th of December.

Similar to Arbitrum, zkSync also witnessed a decline.

In a prior AMBCrypto report,
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Author: Adewale Olarinde

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