Despite the cryptocurrency’s recent price declines and signs that the hype surrounding Bitcoin NFTs has “died,” Ordinals has continued to dominate activity on the Bitcoin network over the past week, Cointelegraph reports.
On August 21, Ordinals developer Leonidas noted that 530,788 Bitcoin transactions had occurred in the past 24 hours, of which 450,785 were related to Ordinals. “While everyone is claiming ‘Ordinals are dead,’ they actually account for 84.9% of Bitcoin activity,” he said.