A new daily all-time high has been recorded for the number of Ordinals inscribed on the Bitcoin (

Over 42,700 BRC–20 tokens have been minted in the last 24 hours, mostly coming from the tokens wzrd, domo, BAYC, meme and pups.

While the market cap of BRC-20 tokens currently sits at less than $10 million, digital asset investment firm Galaxy Digital believes the “Bitcoin NFT” market may reach $4.5 billion by 2025.

Members of the Bitcoin community are still split on whether Ordinals is a good fit for the Bitcoin ecosystem. Proponents such as Dan Held suggest it offers more financial use cases on Bitcoin, while others say it’s straying away from Satoshi Nakamoto’s vision of Bitcoin as a peer-to-peer cash system.

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