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Assessing Bitcoin Ordinals resurgence as Inscriptions make new record
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Bitcoin [BTC] Ordinals Inscriptions, a collection of Non-Fungible Tokens (NFTs) on the Bitcoin network, have attained a new milestone.
The number of daily Inscriptions minted in a single block surpassed 14,000. And this occurred at a time when interest in the assets seemed to have simmered down.
Realistic or not, here’s BTC’s market cap in ETH’s terms
This new landmark has helped the total Inscriptions minted to rise above 1.5 million. According to Dune Analytics, the total Inscription minted to date was 1,555,971.
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Source: Dune Analytics
Ordinals Inscriptions are unique digital assets created using Bitcoin’s native scripting language. These assets can represent anything from music to images, texts, or applications. And since they became mainstream in January, they have been in the spotlight.
In a more detailed context, Ordinals are serial numbers of each satoshi, the smallest Bitcoin denomination assigned to an input. Therefore, Ordinals enable Inscriptions to allow digital assets to be stamped on these satoshis.
These pieces of engraved data emerged as a result of Bitcoin’s ability to include data directly on-chain. Unlike Ethereum [ETH]-based NFTs, images are not the most popular collectible on the Bitcoin network.
Instead, text Inscriptions have been at the helm of reign. Even with the recent highlight, texts took over the show again, amassing over 190,000 on 23 April mints. Images, on the other hand, could only record a meager 2174 identified.
Source: Dune Analytics
Despite the increase in Inscriptions production, there have been some downsides to the Bitcoin Ordinals’ activity. According to the blockchain-query dashboard, the volume across all marketplaces hit a two-month low.
Recall that the hype around the assets propelled an expansion into other NFT marketplaces. Around that time, former Solana [SOL] only-based marketplace Magic Eden joined to increase patronage.
Source: Dune Analytics
However, it seemed that the move has not yet paid off in a blistering manner. At press time, the volume recorded on 23 April was less than $130,000 as shown above.
Although this increased the all-time volume above $22 million, the decline implied that participation had slowed since there was fewer number of successfully-completed transactions.
How much are 1,10,100 BTCs worth today?
However, Bitcoin Ordinals can find solace in the fact that it was continually attracting owners of the assets. At the time of writing, the cumulative number of unique users had increased.
In a related development, Ordinals’ open-source extension, UniSat Wallet disclosed that it had been exposed to a double-spend attack. This has occurred despite being the first marketplace to provide the BRC-20 wallet.
A double-spend attack is a flaw unique to digital assets where multiple transactions sharing the same input are broadcasted on a network. However, UniSat noted that it will compensate those affected.
We will compensate all affected users at a certain time in the coming days, and conduct a comprehensive inspection and consolidation of the issues that have been exposed.
The subsequent service opening time will be updated here.
Thank you for your support and your patience.❤️
— UniSat Wallet – Store, Inscribe and Search. (@unisat_wallet) April 24, 2023
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robertalfred175
CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
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14.10.25 08:46
robertalfred175
CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
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15.10.25 18:07
crypto
Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.
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15.10.25 21:52
harristhomas7376
"In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
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15.10.25 21:52
harristhomas7376
"In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1
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