Modified BRC-20 standard lowers fees and spurs inscription numbers, but demand for Bitcoin Ordinals declines.
Ordinals, which wereBitcoin inscriptions daily volume. Source: DuneCryptoSlam! trading data shows that Bitcoin Ordinal trading volume in July will likely post a total of about $65 million, a nearly 50% decrease from June when volumes neared $120 million.
The average sales price and number of buyers also declined over the period to about $460 per Ordinal and roughly 27,000 unique buyers, down from $604 per Bitcoin NFTs with more than 54,000 buyers. July’s spike in inscriptions despite depressed trading is likely due to Luminex, an Ordinals launchpad, BRC-20 standard earlier this month that helps reduce fees associated with inscriptions, The Block Research Analyst Rebecca Stevens said.© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Ordinals Reach 20 Million Milestone, But Bitcoin-Based NFT Sales Slide – Markets and Prices Bitcoin NewsBitcoin-based NFT sales have stumbled this week, finishing seventh in the last seven-day stretch out of close to two dozen blockchains. Ordinals
Weiterlesen »
Optimism (OP) Soars 6% Daily, Bitcoin (BTC) Dominance Declines as Price Stagnates (Market Watch)Uniswap has added the most value from the top 20 alts, followed by Shiba Inu, Litecoin, and Dogecoin.
Weiterlesen »
BitcoinSV (BSV) Soars 11% Daily, Bitcoin (BTC) Bounces Off $29K: Market WatchOptimism's native token is also on the rise yet again today, with another 7% increase.
Weiterlesen »
China Faces Opposition to Rapid BRICS Expansion From India and Brazil, Report – Bitcoin NewsBRICS member states India and Brazil stand in the way of China’s bid to quickly expand the bloc, unveiled a media report.
Weiterlesen »
Russia's bitcoin-mining industry is booming through war and sanctionsRussia's bitcoin mining industry is booming through war and sanctions
Weiterlesen »
Russian Official Says BRICS Currency Could Be Discussed at Upcoming Summit – Economics Bitcoin NewsRussia’s deputy prime minister says the topic of a common BRICScurrency may still be discussed at the bloc's upcoming leaders’ summit. BRICS dedollarization
Weiterlesen »