Bitcoin

Bitcoin inscriptions cross 1M to reach new record-breaking heights

04/10/2023
Bitcoin Ethereum News

Quick Take

  • Over the weekend, we saw the one millionth Bitcoin inscription.
  • This a historic feat in such a short time, as inscriptions only started to occur at the beginning of 2023.
  • As a result of the surge in Inscriptions, this has been a net benefit for Bitcoin miners as their fees have skyrocketed.
  • Over a 7-day moving average, the total fees paid to miners is roughly $750,000 or 27 BTC.
  • A one-year high in terms of BTC fees for miners.
Inscriptions: (Source: Glassnode)
Inscriptions: (Source: Glassnode)
Fees: (Source: Glassnode)
Fees: (Source: Glassnode)
Inscriptions: (Source: Glassnode)
Inscriptions: (Source: Glassnode)

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