On March 23rd, daily NFT issuance fees on the blockchain of the first cryptocurrency peaked at 9.28 BTC, according to Dune Analytics.
Ordinals just smashed its prior ATH for daily fees spent inscribing.
$257,460 (9.28 BTC) has been spent on inscription fees today!
Every single inscription is making the Bitcoin network more decentralized and more secure. pic.twitter.com/kV0CgVGnVF
— Leonidas.og (@LeonidasNFT) March 23, 2023
Experts largely attributed the surge in the indicator to the placement of the popular Bored Ape Yacht Club (BAYC) collection from Yuga Labs in image blocks. Original NFT series released on Ethereum.
The Twitter account of the Bitcoin Apes project reported that more than 8,000 BAYC tokens out of a total of 10,000 are already present in the Bitcoin network.
Over 7̶,̶0̶0̶0̶ 𝟴,𝟬𝟬𝟬 @BitcoinApes_ have now been inscribed!
— Bitcoin Apes (@BitcoinApes_) March 23, 2023
According to NFT collector Leonidas.og, BAYC images take up 1 GB of the 466 GB digital gold blockchain.
1 GB of the 466 GB Bitcoin blockchain is now byte-perfect @BoredApeYC images.
Never doubt the ordinal degens.
— Leonidas.og (@LeonidasNFT) March 23, 2023
In total, since the launch of the Ordinals protocol in January, users have issued more than 577,000 bitcoin-NFTs and paid 125.6 BTC (~$3.6 million) in fees for this.
However, images account for a 31.4% share. The most popular is the placement of texts – 42.5%.
Regarding the boom of BAYC in the form of NFTs in the network of the first cryptocurrency, Leonidas.og noted:
According to Ordinals Wallet, the base price for BAYC in Bitcoin is 0.012 BTC (~$340), while for the original tokens on the OpenSea platform it is 57.95 ETH (~$105,180).
In March, the marketplace for NFTs on the blockchain of the first cryptocurrency launched the Magic Eden marketplace based on Solana.
Source: bitcoinlinux.com
