The daily transaction cost of casting the Ordinals inscription reached a record high of 9.28 BTC

On March 24th, according to data from Dune Analytics, the daily transaction cost of casting the Bitcoin Ordinals inscription reached a record high of 9.28 BTC on Thursday, approximately $257460. This is mainly due to the influence of Bitcoin Apes, which is a non official replica of BAYC on the BTC blockchain. （bitcoinworld）

Interpretation of this information:

The message essentially reports on the surge in the daily transaction cost of casting the Bitcoin Ordinals inscription, which reached a historic high of 9.28 BTC on March 24th, 2022. This amount translates to around $257460 in dollar value. The reason behind this surge is related to Bitcoin Apes, a non-official replica of Bored Ape Yacht Club (BAYC) on the BTC blockchain, which seems to be gathering momentum.

It is important to note, however, that Bitcoin Apes is not affiliated with or endorsed by BAYC, but rather is a community-driven project that allows users to create and trade digital apes on the BTC blockchain. The project has gained popularity in recent weeks, with its ape NFTs selling for significant amounts of ether (ETH) and BTC. Following this trend, the cost of casting the Bitcoin Ordinals has also increased.

In the world of cryptocurrency, unique and rare assets often fetch higher prices. The Bitcoin Ordinals is a digital collectible that has gained popularity and value over time. The higher the cost of casting it, the greater its perceived value. The surge in the daily transaction cost of casting the Bitcoin Ordinals could be seen as a reflection of the growing interest in Bitcoin Apes and NFTs in general.

From this message, three keywords stand out: Bitcoin Apes, Bitcoin Ordinals, and transaction cost. Bitcoin Apes refers to a new community-driven project that has gained momentum in the crypto world, while Bitcoin Ordinals is a digital collectible whose value and popularity seem to be rising. Transaction cost refers to the cost of casting the Bitcoin Ordinals, which has recently reached a record high due to the growing interest in Bitcoin Apes and NFTs.

In conclusion, the surge in the daily transaction cost of casting the Bitcoin Ordinals reflects the growing interest in digital apes and NFTs, particularly in the context of Bitcoin Apes. As the popularity and perceived value of unique and rare digital assets continues to rise, we can expect to see more developments in this space.