According to the latest statistics, more than 100,000 ordinal listings have been added to the Bitcoin blockchain since the trend began. Amid the growing popularity, people have launched marketplaces and support tools that allow individuals to join without a full knot. Additionally, a decentralized ordinal exchange is said to be in the works.
100,000 Enrollments and Growth: Increasing Ordinal Enrollments Lead to Record Bitcoin Metrics
About nine days ago, there were less than 10,000 ordinal listings on Bitcoin (BTC) blockchain. Since then, registrations have increased by 1,434%, surpassing the 100,000 mark. At the time of writing, there are approximately 109,988 Ordinal registrations hosted on the decentralized network.
Since the enrollment trend has increased, a number of individuals and organizations have built infrastructure to promote greater adoption. For example, gamma.io And ordinalsbot.com have created tools that allow people to hit ordinal listings on the channel for an additional fee on top of the network fee.
Tools such as these have appeared more recently and allow users who do not operate a full node to hit registrations. The Bitcoin Xverse Wallet has spear Ordinal support, and people have been discuss two ordinal marketplaces that allow users to buy and sell listings.
The decentralized ordinal market is coming 👀 pic.twitter.com/AiMVNMZNdO
— Hell Money (@hellmoneypod) February 6, 2023
Also, a decentralized ordinal market is coming, according to a recent Tweeter and an excerpt from the Hell Money podcast. People have even built a practical calculator which estimates the current cost to be listed on the Bitcoin blockchain. Before the number of ordinal inscriptions reached 100,000, people discussed how early they were and how many coiners hoped to register their messages before reaching the milestone of 100,000.
Muneeb Ali, the co-founder of Stacks, a Bitcoin layer for smart contracts, tweeted about a new bitcoin web wallet that is on the horizon and noted that it will support Ordinals, NFT and Bitcoin Layer 2 solutions in addition to native Bitcoin. “The new version of the Bitcoin web wallet is almost ready,” said the co-founder of Stacks.
Since the increase in ordinal signups, the Bitcoin network has seen the biggest increase in Taproot usage in months and the highest transaction fees in over a year. Additionally, block sizes larger than 3MB have become commonplace on the Bitcoin network.
What do you think the future holds for the development of the ordinal listing trend on the Bitcoin network? Let us know what you think about this topic in the comments section below.
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