Bitcoin Overtakes Ethereum in Transaction Charges on the Again of Renewed Ordinals Frenzy
Bitcoin (BTC) has just lately surpassed Ethereum (ETH) by way of common each day transaction charges, signaling a notable shift within the price panorama.
Since October 24, over 6 million Ordinal belongings have been generated, resulting in the redistribution of greater than 800 BTC in charges (equal to $30 million) to the community. The momentum additional escalated when ORDI, the second-largest BRC-20 token by market capitalization, was listed on Binance on November 7. This itemizing sparked elevated shopping for exercise of BRC-20 tokens, leading to a worth surge of barely over 50% for the ORDI token.
Along with the rising recognition of the Ordinals Protocol, the Taproot Wizards venture, which is constructed on the Ordinals protocol, introduced a seed funding spherical of $7.5 million on November 17.
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