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

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Mar 24, 1:52 am

Decrypt

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

Daily transaction fees for minting Bitcoin Ordinals inscriptions reached a new all-time high of $257,460 on Thursday, attributed to the Bitcoin Apes project. Over 8,397 Bitcoin Apes have been inscribed, with over $3.3 million in fees paid to put images, text, and video games on the blockchain. Bitcoin Apes are helping to secure the Bitcoin network by providing miners with an additional revenue source.

Daily transaction fees for minting Bitcoin Ordinals inscriptions reached a new all-time high of $257,460 on Thursday, attributed to the Bitcoin Apes project. Over 8,397 Bitcoin Apes have been inscribed, with over $3.3 million in fees paid to put images, text, and video games on the blockchain. Bitcoin Apes are helping to secure the Bitcoin network by providing miners with an additional revenue source.

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