The speculation about the demise of Bitcoin Ordinals was definitively addressed over the weekend as Inscription numbers surged to a record high.
transactions exceeded 600,000 on 20 August, reaching a figure of 612,461 transactions. Looking at the Dune Analytics chart with this, the total number of Inscriptions observed on the same date surpassed 411,000.Furthermore, this observation pointed to the fact that it contributed to more than half of the transactions that occurred on the Bitcoin network that day.
According to the data illustrated in the Dune Analytics chart, the recorded daily fees on 20 August were approximately 3.47 BTC, which equated to around $100,000. On the same day, the total fees across the network, as reported by
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