There has been a noticeable surge in transaction activity on the main Ethereum Virtual Machine (EVM) chains as of late. Around 95% of these transactions have inscriptions, according to blockchain analytics tool Etherscan. Ordinals inscriptions have gained favor as a direct means of creating non-fungible tokens (NFTs) on the blockchain by embedding unique data in […]
Over the past five days, users of the Avalanche network have collectively paid more than $4 million in transaction fees. This significant expenditure is primarily attributed to creating and moving tokens and non-fungible tokens (NFTs) using inscriptions, a novel method gaining traction in the blockchain world. Inscriptions have emerged as a creative bypass on networks […]