Bitcoin Ordinals NFT Transaction Fees Hit All-Time High Amidst Rise of Bitcoin Apes

The daily fees for inscribing Bitcoin Ordinals, which are NFTs on the Bitcoin Network, hit an all-time high of 9.28 BTC or $257,460 on Thursday, according to a report by Dune Analytics. The rise in transaction fees is attributed to Bitcoin Apes, a variation of popular NFT collection Bored Ape Yacht Club, which is being reproduced on the Bitcoin Network.

Bitcoin Bored Ape Yacht Club

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