The Bitcoin Ordinals-based ORDI token has become the first BRC-20 token to top a $1 billion market capitalization after staging triple-digit monthly and weekly percentage gains.

ORDI notched a new all-time high of over $65 on Dec. 5, surging more than 850% from around $6.80 on Nov. 5,

Ordinals-inscribed assets rapidly gained in popularity with the wider blockchain community. After a brief decline in inscription activity in October, Binance’s decision to list ORDI on Nov. 7 seemed to reignite enthusiasm for the assets.

Bitcoin Ordinals saw a brief decline in activity in October but quickly rebounded. Source: Dune Analytics

According to Dune Analytics data, more than 48 million Ordinals assets have been inscribed since the protocol’s inception and have seen more than $146.9 million in fees paid to the Bitcoin network.

On Nov. 20, transaction fees on the Bitcoin network flipped those of Ethereum amid a rush to inscribe new NFTs and BRC-20 tokens.

Additionally, on Nov. 17, the Ordinals-based project Taproot Wizards announced a $7.5 million seed round.

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