The number of NFTs tied to BTC blockchain surged over 3M after a spike in inscriptions, mainly text-based assets on Ordinals Protocol. The BRC-20 token standard allowed transferable tokens directly through the network, resulting in a $137M market cap for digital artwork and meme tokens built on Bitcoin.

Inscriptions cost less than art or meme coins due to network fees. STX tokens gained 12% in 24 hours as inscriptions surged, outperforming CMI, due to Stacks' advantages over Ethereum, including lower fees, faster transaction times, and enhanced security.