Despite recent price declines and claims that hype around Bitcoin NFTs has died down, ordinal inscriptions continue to dominate activity on the Bitcoin network. On August 21st, developer "Leonidas" noted that 84.9% of the network's activity was related to Ordinals, with 450,785 of the past 24 hours' 530,788 transactions being Ordinals-related.
Dune Analytics and Bitinfocharts also report a high number of ordinal inscriptions, with more than 75% of current network activity being Ordinals-related on August 20th. While some reports suggest a decline in NFT usage and sales volume, the actual inscription activity remains high.
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