May 25, 7:20 pm
Decrypt
Bitcoin Ordinals Surge as Total Inscriptions Triple Since Start of May
Bitcoin-based NFTs and meme tokens have seen a surge in popularity, with Ordinals inscriptions tripling since May 1. Michael Saylor has called the protocol a “catalyst” for Bitcoin adoption, and BRC-20 tokens have allowed for the creation of fungible tokens on Bitcoin. High fees on Bitcoin are seen by some supporters as a good thing, as it suggests continued demand, plus Ordinals have since been ported to Litecoin and Dogecoin.