Bitcoin transaction fees flip Ethereum’s as Ordinals hype returns

Average daily transaction fees on Bitcoin (

Since Oct. 24, over 6 million Ordinal assets have been created, resulting in more than 800 BTC in fees — worth $30 million — being redistributed to the network.

The uptick in Ordinals inscription activity compounded as ORDI, the second largest BRC-20 token by market cap, was listed on Binance on Nov. 7. The listing spurred a wider wave of BRC-20 buying activity from traders with the price of the ORDI token jumping by just over 50% on the day.

Additionally, on Nov. 17, the Ordinals-based project Taproot Wizards announced a $7.5 million seed round.

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