Since the appearance of inscriptions and ordinaries in the first quarter, there was still a question about their contribution to the overall activity.
According to glassnode, they accounted for about 40% of total #Bitcoins transactions.
While art-based NFTs may be the first high-profile use case, the potential of a truly decentralized and immutable blockchain capable of serving as a global database and ultimate source of truth could inspire unpredictable applications.
As the number of use cases increases, so do the fees.
