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Bitcoin NFT Protocol Ordinals Breaks Records with 30,000 Inscriptions

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On March 10, according to data from Dune Analytics, the number of inscriptions cast on the Bitcoin NFT protocol Ordinals launched by Casey Rodarmor, a software

Bitcoin NFT Protocol Ordinals Breaks Records with 30,000 Inscriptions

On March 10, according to data from Dune Analytics, the number of inscriptions cast on the Bitcoin NFT protocol Ordinals launched by Casey Rodarmor, a software engineer, exceeded 30000 on March 9, a record high. The number of “text” type inscriptions is close to 27000, accounting for 85%. It is reported that Twitter user @ domodata launched an innovative experiment “BRC-20” based on the Ordinals protocol yesterday, aiming to achieve the effect of issuing ERC-20 Token on the Bitcoin network like on the Ethereum network through the Ordinals protocol.

Data: Bitcoin NFT protocol Ordinals cast more than 30000 inscriptions yesterday

Analysis based on this information:


The Bitcoin NFT protocol Ordinals launched by software engineer Casey Rodarmor has broken records with over 30,000 inscriptions as of March 10, according to Dune Analytics data. This marks a new milestone in the relatively new technology of NFTs, or non-fungible tokens, which are unique digital assets that are individually verifiable on a blockchain. Ordinals protocol allows users to create and auction off these unique digital assets on the Bitcoin network.

Most of the inscriptions on the Ordinals protocol are of the “text” type, which represent 85% of the total inscriptions. This demonstrates the demand for unique digital collectibles, especially those that can be verified as unique and rare through the blockchain.

An interesting development related to the Ordinals protocol came from Twitter user @domodata, who launched an experiment called “BRC-20” based on the Ordinals protocol. This aims to replicate the functionality of issuing ERC-20 tokens on the Ethereum network but on the Bitcoin network through the Ordinals protocol. ERC-20 tokens are a type of fungible token on the Ethereum network, which are used for various purposes such as fundraising and reward systems.

This experiment shows the potential for using the Ordinals protocol to create not only unique, one-of-a-kind digital assets but also fungible tokens for wider use cases. The ability to create ERC-20-like tokens on the Bitcoin network may provide more options and accessibility for individuals and businesses to utilize the power of blockchain technology.

In conclusion, the Ordinals protocol has achieved a remarkable milestone with over 30,000 inscriptions, highlighting the growing demand for unique digital assets in the NFT space. The BRC-20 experiment also shows the versatility of the technology and its potential for wider adoption. As the blockchain industry continues to mature, innovative developments like these will undoubtedly emerge, paving the way for a more decentralized and transparent future.

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