The momentum of Bitcoin Ordinal Inscriptions continues to fend off critics, surpassing several milestones. Over 7 million inscriptions are now embedded into the blockchain. Any skepticism about this trend has been shattered. On May 16, 2023 the total stands at 7204,882 since the first inscription on December 16, 2020.

On April 21, 2023 the world of inscriptions saw a dramatic increase in the number of inscriptions. Just 1.24 Million . In only 25 days, the number has risen by 480%. This is an incredible increase.This inscription frenzy peaked on May 7, 2023 with a record number of inscriptions. On this date, Bitcoin’s mempool was found. Congested With an overwhelming 500,000 transactions that are not confirmed, the system is a testament to its overwhelming activity and demand.

The 30-Day sales statistics show that Bitcoin’s ordinal inscriptions have boosted the NFT market

The Bitcoin network fees soared to 19-20 per transaction on May 7, coinciding with the day when over 440000 transactions remained unconfirmed.

The peak of these fees occurred on May 7th, coinciding with Bitcoin’s network fee surpassing 6.25 BTC Block subsidy. It is interesting to note that the vast majority of Ordinal Inscriptions are plain text, rather than JPEG. 6,402,199 Inscriptions use plain text.

Ordinal Inscriptions has found success in the NFT collection market, with $93 million worth of sales over the last 30 days.

According to cryptoslam.io’s 30-day statistics, Bitcoin is now the second largest blockchain for NFT sales in this month. The market has seen sales of popular Ordinal collection like Pixel Pepes and Sub100k. Other collections include Bitcoin Frogs Space Pepes Bitcoin Punks and Sub10k.

Five of the six most expensive NFTs that were sold in this month came from the Bitcoin blockchain using the Ordinal inscribing tech.