Ordinals engravings approach 4.8 M, almost doubling in simply over a week By Cointelegraph

The variety of Ordinals engravings on the ( BTC) network has actually seen another meteoric increase, nearly doubling from 2.5 million to 4.78 million in simply the last 8 days.

While the Ordinals procedure was at first utilized to mint images as non-fungible tokens (NFTs), users started to recognize that they might utilize text-based engravings to develop fungible tokens in a comparable method to those minted through the ERC-20 token requirement on the (ETH) network.