According to the latest statistics, more than 100,000 ordinal signups have been added to the Bitcoin blockchain since the start of the trend. Amid the growing popularity, people have launched marketplaces and support tools that allow people to sign up without a full node. In addition, a decentralized ordinal exchange is reportedly in the works.
100,000 Signups and Growing: Rising Ordinal Signups Lead to Record Bitcoin Metrics
About nine days ago, there were fewer than 10,000 ordinal signups in Bitcoin (BTC) blockchain. Since then, registrations have increased by 1,434%, surpassing the 100,000 mark. At the time of writing this article, there are approximately 109,988 Ordinal registrations hosted in the decentralized network.
As the enrollment trend has increased, various individuals and organizations have been building infrastructure to promote greater adoption. For example, gamma.io and ordinalsbot.com They have created tools that allow people to mint chain ordinal inscriptions for an additional fee on top of the network fee.
Tools like these have appeared in more recent times and are allowing users who do not operate a full node to mint signups. The Bitcoin Xverse wallet has thrown out Ordinary support, and people have been what is discussed two ordinal markets that allow users to buy and sell inscriptions.
The decentralized ordinal market is coming 👀 pic.twitter.com/AiMVNMZNdO
— Hell Money (@hellmoneypod) February 6, 2023
In addition, a decentralized Ordinal market is reportedly approaching, according to a recent cheep and a clip from the Hell Money Podcast. People have even built a handy calculator which estimates the current cost to sign up to the Bitcoin blockchain. Before the ordinal enrollment count reached 100,000, people discussed how early they were and how many minters expected to sign up their posts before reaching the 100K milestone.
Muneeb Ali, co-founder of Stacks, a Bitcoin layer for smart contracts, tweeted about a new bitcoin web wallet that is on the horizon noting that it will support Ordinals, NFT and Bitcoin Layer 2 solutions in addition to native Bitcoin. “The new release of the Bitcoin web wallet is almost ready,” the Stacks co-founder said.
Since the increase in ordinal signups, the Bitcoin network has seen the largest increase in Taproot usage in months and the highest transaction fees in over a year. Additionally, block sizes above the 3MB range have become common on the Bitcoin network.
What do you think the future holds for the development of the ordinal enrollment trend on the Bitcoin network? Let us know what you think about this topic in the comments section below.
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