Bitcoin

April

<h2 id="quick-take">Quick Take</h2>
<ul>
<li><em>CryptoSlate</em> recently reported that Inscriptions passed the <a href="https://cryptoslate.com/wp-admin/post.php?post=316109&amp;action=edit">one million milestone.</a></li>
<li>A new record was set for the biggest one-day count for Inscriptions — roughly 200,000 Inscriptions were created on April 23.</li>
<li>However, the mempool was <a href="https://twitter.com/mempool_alert/status/1649795706511663105?s=20">fully cleared</a> at block 786551 — showing the demand for Inscriptions isn&#8217;t there.</li>
<li>Doing a deep dive into this, it seems that the count is coming primarily from text and not representative of images. It appears the new craze is flooding Inscriptions as texts.</li>
</ul>
<figure id="attachment_319915" aria-describedby="caption-attachment-319915" style="width: 1126px" class="wp-caption aligncenter"><img class="wp-image-319915 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/04/inscriptions.png" alt="Inscriptions: (Source: Glassnode)" width="1126" height="569" srcset="https://cryptoslate.com/wp-content/uploads/2023/04/inscriptions.png 1126w, https://cryptoslate.com/wp-content/uploads/2023/04/inscriptions-300x152.png 300w, https://cryptoslate.com/wp-content/uploads/2023/04/inscriptions-1024x517.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/04/inscriptions-768x388.png 768w" sizes="(max-width: 1126px) 100vw, 1126px" /><figcaption id="caption-attachment-319915" class="wp-caption-text">Inscriptions: (Source: Glassnode)</figcaption></figure>
<figure id="attachment_319918" aria-describedby="caption-attachment-319918" style="width: 771px" class="wp-caption aligncenter"><img class="wp-image-319918 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/04/Ins.png" alt="Mempool: (Source: Mempool.Space)" width="771" height="510" srcset="https://cryptoslate.com/wp-content/uploads/2023/04/Ins.png 771w, https://cryptoslate.com/wp-content/uploads/2023/04/Ins-300x198.png 300w, https://cryptoslate.com/wp-content/uploads/2023/04/Ins-768x508.png 768w" sizes="(max-width: 771px) 100vw, 771px" /><figcaption id="caption-attachment-319918" class="wp-caption-text">Mempool: (Source: Mempool.Space)</figcaption></figure>
<figure id="attachment_319917" aria-describedby="caption-attachment-319917" style="width: 395px" class="wp-caption aligncenter"><img class="wp-image-319917 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/04/ord.png" alt="" width="395" height="329" srcset="https://cryptoslate.com/wp-content/uploads/2023/04/ord.png 395w, https://cryptoslate.com/wp-content/uploads/2023/04/ord-300x250.png 300w" sizes="(max-width: 395px) 100vw, 395px" /><figcaption id="caption-attachment-319917" class="wp-caption-text">Inscription Text: (Source: Ordinals.com)</figcaption></figure>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/insights/bitcoin-inscriptions-surge-200k-created-in-one-day-yet-demand-remains-minimal/">Bitcoin Inscriptions surge: 200k created in one day – yet demand remains minimal</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Bitcoin Inscriptions surge: 200k created in one day – yet demand remains minimal

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