Bitcoin Transactions Surge with NFT Protocol Adoption

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The popularity of bitcoin transactions continues to surge, hitting a new high over the weekend with over 396,000 daily transactions recorded. This comes shortly after Grayscale published a report praising the Ordinals protocol, which allows users to create NFTs on bitcoin and has already reached over 2.5 million inscriptions. While some in the bitcoin community criticize the protocol for cluttering the blockchain, Grayscale argues that it could lead to a cultural transformation and boost mining fees. According to Dune Analytics, miners have already earned over $6.6 million from Ordinals since its launch in January. #bitcoin #cryptocurrency #ordinals #nfts #blockchain #grayscale #shorts