Decline of Bitcoin-Based NFT “Bitcoin Ordinals”: A Catastrophic Drop in Trading Volume
The popularity of the "bitcoin-based NFT" - Bitcoin Ordinals - has declined catastrophically, as many analysts predicted. BRC-20s token trading volume has fallen 97% since May. As reported by the DappRadar service, the trading volume of "BRC-20s tokens" (the NFT counterpart in Efirium and other n ...
Rising Popularity of BRC-20 and Ordinals Leads to Record Bitcoin Commissions
Bitcoin commissions broke records last week amid rising popularity of Ordinals and BRC-20. What was happening to the network and how did it affect miners' revenues? Last Monday, users began reporting unusually high transaction fees on the Bitcoin network. In some cases, ...
Bitcoin Frogs NFT Collection Surpasses $2.3 Million in Trading Volume
Today trading volume for this position exceeded $2.3 million The Ordinals collection was the most popular on all platforms It consists of 10 thousand bitcoin frogs with various attributes The token threshold value is $3.7 thousand The Bitc ...
Lightning Labs Updates Taproot Protocol to Ease Bitcoin Network Load
Lightning Labs has updated Taproot protocol It will allow the creation of BRC-20 tokens without network load Lightning Labs has proposed a solution to the growing load on the Bitcoin network. They've updated the Taproot Assets Protocol. ...
Bitcoin Transaction Fees Plummet as Ordinals and BRC-20 Token Hype Subsides
The growth of commissions in the Bitcoin network on the background of the unexpected popularity of Ordinals and BRC-20 tokens, as some analysts predicted, quickly stopped and indicators have almost returned to normal. The average transaction fee per transaction fell to $3 ...
Tether’s CTO Advocates Against Banning Solutions and Highlights Exchange Queue Issues
According to Tether's CTO, the two solutions should not be banned And the current queue problems are a "puncture" of the big CEX The Blockchain Week Rome 2023 conference concluded last week.. Tether CTO Paolo Ardoino was among the speakers at the event. In a p ...
JAN3 CEO Predicts Subsiding Hype Around Bitcoin’s NFT and BRC-20 Tokens
JAN3 CEO Samson Mow thinks the hype around Bitcoin's NFT counterpart and BRC-20 tokens will subside in just a few months. After the emergence of the Ordinals project and the launch of support for BRC-20 standard tokens, the load on the blockchain of the first cryptocurrency ...