- A complete of 24,677 BRC-20 tokens had been minted, bringing the market cap to $447 million.
- As of this writing, the overall variety of ordinal inscriptions has exceeded 9 million.
Could 2023 turned out to be a record-breaking month for community site visitors. Bitcoin [BTC] blockchain. In keeping with Glassnode information, the variety of day by day transactions surged to unprecedented ranges, hitting a report excessive of 682,099 on Could 1st.
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Bitcoin transactions had been the principle cause for the rise in community site visitors ordinal quantity protocol. And they’re presently getting used to mint BRC-20 tokens.
Nonetheless, the newest BRC-20 token may very well be a game-changer for the Ordinals panorama and the Bitcoin community.
Stablecoin Debuts on Bitcoin
Stablecoin-as-a-Service (SCaaS) supplier Secure has introduced the launch of Secure USD, the primary USD-backed stablecoin on the Bitcoin blockchain.
Basically, the BRC-20 token goals to grow to be the popular fee technique for merchants buying and selling Ordinals and different BRC-20 belongings. It’s indicated by the image #USD.
#USD has the potential to make buying and selling easy and simple by facilitating frictionless on-ramp/off-ramp companies and sustaining a secure worth.
All #USD tokens are backed 1:1 by USD held in collateral accounts. This account is managed by a US regulated custodian for the advantage of KYC/AML verified token holders.
#USD will be issued/redeemed through a number of platforms resembling Fedwire, SWIFT, USDC, USDT by KYC-verified customers in over 200 nations/areas.
Moreover, the utmost provide of stablecoins will probably be 69.42 trillion.
The Ordinals Refuse to Lose Momentum
Road sand dunesOn the time of writing this text, the overall variety of ordinal inscriptions exceeds 9 million, and an astounding 6.5 million, or about 70%, was minted in Could.
Moreover, Ordinals accounted for almost all of transactions on the Bitcoin community.one other sand dunes The dashboard highlighted that Ordinals transactions accounted for 30% of the overall charges collected by miners within the final 24 hours.
Supply: Dune
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The Ordinals frenzy has made Bitcoin the second largest chain for NFT buying and selling, overtaking main chains resembling: Solana [SOL] and polygon [MATIC] .
In keeping with information from crypto slamOver the previous seven days, over $22 million in gross sales have been made in Bitcoin. Along with this, a complete of 24,677 of his BRC-20 tokens had been issued. Created Market capitalization is $447 million.
