Dogecoin’s on-chain transaction count is up more than 60X from roughly 20,000 transactions as of May 1 to over 1.20 million on May 20, BitInfoCharts data shows. 60X Spike In Transaction Count The present spike represents a 60X expansion in the Dogecoin transaction count, a noteworthy development primarily due to the launch of Ordinals on…
The crypto market has been looking to consolidate following a major price correction earlier in the week. One market that has felt the brunt of this correction is BRC-20 token which has suffered a major dip in its market cap. According to brc-20.io, which tracks the nascent market for tokens minted on the Bitcoin blockchain,…
While Bitcoin (BTC) has continued a downtrend, the asset has recently recorded a high volume in daily transactions nearing its all-time high. According to a report by on-chain analytics provider Glassnode, “Bitcoin daily transaction counts are approaching All-time-highs, seeing an explosive uptick in 2023.’ Regardless of this news, Bitcoin has continued to move downward after…