Ordinals Fees Spike as Bored Ape Yacht Club Clones Bloom on Bitcoin

The number of Bitcoin Ordinals has passed 550,000 as interest in digital collectibles is ignited by copies of a blue-chip NFT line.

Daily transaction fees for minting Bitcoin Ordinals inscriptions reached a new all-time high on Thursday of 9.28 BTC, around $257,460, according to a Dune Analytics report.

The surge is largely attributed to Bitcoin Apes, a variation of the popular Bored Ape Yacht Club NFT collection that is being reproduced on the Bitcoin Network.🆕😉👋