Number of Bitcoin Ordinals NFTs Exceeds 10 Million
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June 1, 2023

The number of NFTs on the Bitcoin blockchain issued thanks to the Ordinals protocol has reached 10,141,434, with more than 80% of these being related to the BRC-20 standard.

The daily issuance rate of Ordinals in May reportedly ranged from 144,000 to 400,000.

Miners earned 1,593.18 BTC from the issuance of such assets.

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The share of fee income in their revenue was the highest since April 2021, 14.3%.

Last May 29, the ongoing hype around Ordinals and BRC-20 led to a new monthly transaction record on the network, which stood at 24.8 million.

The emergence of Ordinals at the end of January was made possible by the Taproot soft fork.

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