The introduction of NFTs and BRC-20 tokens on the Bitcoin network through the Ordinals Protocol has sparked debate over its effects on transaction fees and chain bloat. Despite these concerns, Glassnode data analyzed by CryptoSlate reveals unexpected benefits for Bitcoin miners.
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BTC/USD$ 98,928.51 0.92%
ETH/USD$ 3,343.23 6.31%
USDT/USD$ 1.00 0.02%
SOL/USD$ 258.80 7.16%
BNB/USD$ 625.37 2.62%
XRP/USD$ 1.44 29.67%
DOGE/USD$ 0.39197 2.53%
USDC/USD$ 1.00 0.04%
STETH/USD$ 3,342.31 6.29%
ADA/USD$ 0.886706 12.49%
TRX/USD$ 0.199319 0.22%
AVAX/USD$ 37.52 10.58%
SHIB/USD$ 0.000025 3.99%
WBTC/USD$ 98,785.47 1.16%
WSTETH/USD$ 3,952.14 6.21%
TON/USD$ 5.53 2.03%
SUI/USD$ 3.56 3.65%
BCH/USD$ 490.85 6.11%
WETH/USD$ 3,342.52 6.38%
LINK/USD$ 15.26 4.94%
PEPE/USD$ 0.000021 10.06%
DOT/USD$ 6.13 7.34%
XLM/USD$ 0.295831 24.32%
LEO/USD$ 8.65 1.18%
NEAR/USD$ 5.67 4.11%
LTC/USD$ 91.71 2.15%
APT/USD$ 11.93 2.82%
WEETH/USD$ 3,522.66 6.40%
UNI/USD$ 9.41 7.11%
HBAR/USD$ 0.137372 12.28%
CRO/USD$ 0.19211 8.14%
USDS/USD$ 0.998507 0.34%
ICP/USD$ 9.72 8.67%
ETC/USD$ 28.18 5.93%
BONK/USD$ 0.000051 1.45%
KAS/USD$ 0.149978 1.10%
RENDER/USD$ 7.29 1.10%
USDE/USD$ 1.00 0.02%
TAO/USD$ 500.59 7.34%
POL/USD$ 0.4601 5.86%
WBT/USD$ 24.92 2.60%
DAI/USD$ 0.999724 0.06%
WIF/USD$ 3.33 7.10%
OM/USD$ 3.66 4.51%
FET/USD$ 1.26 3.82%
ARB/USD$ 0.780427 12.19%
XMR/USD$ 159.77 1.78%
STX/USD$ 1.94 0.92%
MNT/USD$ 0.849146 8.23%
FIL/USD$ 4.65 3.30%