The number of metadata added onto Bitcoin Satoshis, known as Inscriptions, is approaching 10 million with a current count of 9,574,192. These Inscriptions can include text, images, video, etc. but are limited to about 4 MB. Text-based Inscriptions make up the majority of new count Inscriptions, as shown in the second chart.
The daily rate of Inscriptions has decreased throughout May, indicating a growing reluctance to pay fees. CryptoSlate's latest market report analyzes the potential effects of a US debt default on the crypto market.
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