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Bitcoin NFT Protocol Ordinals Reaches Record High of 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 Reaches Record High of 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 reached a record high of 30,000 inscriptions, according to data from Dune Analytics on March 10. This marks an important milestone for the platform, which has been steadily gaining traction since its inception. The majority of these inscriptions – around 85% – are of the “text” type.

One interesting development on the Ordinals protocol is the innovative experiment called “BRC-20” by Twitter user @domodata. The experiment aims to enable the issuance of ERC-20 Token on the Bitcoin network, similar to how it can be done on the Ethereum network via smart contracts. This would be a game-changer for the Bitcoin network, as it would allow it to offer features that are currently exclusive to Ethereum such as seamless interoperability between different decentralized applications.

This news is significant for two reasons. Firstly, it demonstrates the demand for Bitcoin-based NFT platforms, which has been growing exponentially since the beginning of the year. Secondly, it highlights the potential of the Ordinals protocol to facilitate the creation of programmable smart contracts on the Bitcoin network. With this capability, Bitcoin could become a more versatile and powerful blockchain, able to offer features and functionalities beyond its current utility as a digital store of value.

Overall, the Ordinals protocol’s record-breaking 30,000 inscriptions and the BRC-20 experiment that enables ERC-20 Token on the Bitcoin network show the potential for this platform to become a serious player in the NFT and smart contract space. As more developers and users flock to Bitcoin-based platforms, we can expect to see even more innovative experiments and projects leveraging the potential of this network.

In conclusion, this news is a testament to the ongoing evolution of the blockchain space, with Bitcoin slowly but surely embracing new functionalities and use cases beyond its original purpose. The Ordinals protocol and the BRC-20 experiment are a glimpse into the exciting possibilities that the future holds for Bitcoin-based platforms.

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