- Magic Eden on Bitcoin to suspend BRC-20 trading.
- BRC-20 transactions and Ordinals Inscriptions have declined over the past few weeks.
The emergence of Ordinal Inscriptions and BRC-20 tokens created significant excitement within the Bitcoin [BTC] community, leading to higher earnings for miners due to increased transaction fees.
Read Bitcoin’s [BTC] Price Prediction 2023-24
Nevertheless, the influence of these Bitcoin innovations appears to be waning, as a major marketplace has temporarily halted the trading of BRC-20 tokens.
BRC-20 trading placed on hold
In a significant announcement made on 22 October, Magic Eden on Bitcoin revealed a temporary suspension of BRC-20 trading. The platform explained that this suspension is a precautionary measure to safeguard users while awaiting a complete consensus on Ordinals Inscriptions.
Ordinals Inscriptions became possible due to the November 2021 Taproot upgrade and serve as the underlying technology for BRC-20’s functionality.
BRC-20 tokens rely on JSON (JavaScript Object Notation) Ordinals Inscriptions for executing token contracts, generating new tokens, and transferring tokens.
These innovations had previously contributed to increased BTC transaction fees, but the current landscape appears to be evolving.
BRC-20 transactions declines
Data from Dune Analytics reveals that in September, BRC-20 experienced an impressive peak of 400,000 transactions. During that same month, BRC-20 transactions accounted for over 60% of the total BTC transactions. Additionally, the volume of these transactions contributed to more than 30% of the fees collected by the Bitcoin network.

Source: Dune Analytics
However, the situation has drastically changed as of the current moment. The total BRC-20 transactions have dwindled to approximately 1,000, representing less than 2% of the overall BTC transactions.
Furthermore, the contribution of BRC-20 transactions to BTC fees has dropped to less than 1%. Unfortunately, Ordinal Inscriptions hasn’t fared any better in this regard.
Daily Ordinals Inscriptions drop with fees
Dune Analytics data showed that Ordinal Inscriptions have experienced a significant decline as well. In September, the daily inscriptions reached an impressive peak of over 400,000.
How much are 1,10,100 BTCs worth today?
However, at present, daily inscriptions have decreased to less than 6,000. Furthermore, the fees paid for these inscriptions have seen a substantial drop, plummeting from around 8 BTC in September to less than 1 BTC.

Source: Dune Analytics
The decline in BRC-20 and Ordinals Inscriptions, as illustrated by Dune Analytics metrics, suggests that Magic Eden’s decision may have been part of a larger trend. However, it will be in the coming days and weeks that we will see the full extent to which their influence has diminished.
cost of clomiphene for men buy cheap clomid pill name brand for clomid clomid or nolvadex for pct can i purchase clomiphene without insurance cost clomid without insurance how can i get cheap clomid price
This is the kind of writing I truly appreciate.
This is the stripe of topic I have reading.
order azithromycin 250mg pill – order tetracycline 500mg generic buy flagyl pills for sale
buy domperidone 10mg online – buy motilium generic buy flexeril no prescription
augmentin order – at bio info acillin where to buy
where to buy esomeprazole without a prescription – anexa mate purchase esomeprazole for sale
buy warfarin 2mg generic – https://coumamide.com/ cozaar 50mg over the counter
mobic 7.5mg pills – mobo sin buy meloxicam
buy deltasone 5mg generic – https://apreplson.com/ prednisone 40mg for sale
otc ed pills – https://fastedtotake.com/ can i buy ed pills over the counter
purchase amoxil online – buy amoxil sale order amoxicillin pills
buy diflucan online – https://gpdifluca.com/ buy diflucan tablets
order cenforce generic – cenforce 50mg brand purchase cenforce
difference between cialis and tadalafil – ciltad gn cialis reviews photos
purchase zantac pills – zantac 300mg drug buy ranitidine 150mg online cheap
cialis leg pain – https://strongtadafl.com/# is cialis covered by insurance
More articles like this would remedy the blogosphere richer. this
buy viagra uk paypal – https://strongvpls.com/# buy viagra cialis online
The thoroughness in this section is noteworthy. buy prednisone online cheap
With thanks. Loads of conception! https://ursxdol.com/synthroid-available-online/
This is the type of advise I recoup helpful. https://prohnrg.com/product/priligy-dapoxetine-pills/
Greetings! Extremely useful recommendation within this article! It’s the crumb changes which wish espy the largest changes. Thanks a a quantity quest of sharing! click