Replying to Avatar _Checkɱate 🔑⚡🌋☢️🛢️

Our latest report on Bitcoin Ordinal Theory and Inscriptions is live.

TL:DR

- Jpgs dominate 90% of inscriptions

- Chain data growth is unconcerning

- Inscriptions are fee sensitive

- Monetary tx remain primarily mined tx

- Inscriptions buy unused blockspace

https://insights.glassnode.com/ordinal-theory-and-the-rise-of-inscriptions/

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SamSpade 2y ago

I tried to send $5 USD to a lightning wallet today, and the fee was $1.49.

Were fees always this high or has it gone up because of this?

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_Checkɱate 🔑⚡🌋☢️🛢️ 2y ago

Sounds like you were sending via onchain not lightning. No fees on LN are unaffected by this.

Only opening and closing channels which are onchain transactions.

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SamSpade 2y ago

You’re right! Anyway, have a good one.