Bitcoin's Sats Names Ecosystem Thrives: 370,000 SNS Names Registered

On June 26, 2023, the number of Ordinal inscriptions based on #Bitcoin exceeded 14 million, just six days after passing 13 million.

Inscription activity has continued to increase since then. In addition to text, NFTs, and fungible #BRC20 tokens, Ordinal inscription technology has launched a new naming standard called Sats Names built on top of the Bitcoin blockchain.

According to statistics, Ordinal inscriptions exceeded 14 million in June 2023. As of July 1, 2023, there are currently over 14.41 million inscriptions. So far, this trend has provided bitcoin miners with an additional 1,799.65 $BTC , equivalent to approximately $54 million in registration-related fees.