Great article. Interested in seeing how this plays out. I’m optimistic it will have positive impact but too soon to tell.
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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