Bitcoin Ordinals inscriptions surging as minting fees remain low
Data from the Dune blockchain show crypto enthusiasts minted 350,000 Bitcoin Ordinals Inscriptions on July 8, the highest daily record since May 14. Despite the substantial increase in minting activity, the payment fee for these inscriptions remained remarkably low at 2.5 bitcoin (BTC). This surge in minting numbers could be attributed to the recent launch of recursive inscriptions and the implementation of BRC-69. These advancements in the Bitcoin network have contributed to optimized costs, encouraging higher inscriptions . Additionally, on the same day, the number of Ordinals minted through applications reached an unprecedented 18,000, further underscoring the newfound momentum in the crypto space. On July 8, the number of Bitcoin Ordinals Inscriptions minted in a single day reached 350,000, the highest since May 14, but the payment fee was only 2.5 BTC, which may have benefited from the launch of recursive inscriptions and BRC-69, so optimized costs. On the same day, the…