Bitcoin Ordinals Haven’t Taken Blockspace from Money Transactions: Glassnode by Cointelegraph

Despite concerns that Ordinals are congesting the network, there is limited evidence to suggest that inscriptions are diverting block space away from higher-value Bitcoin (BTC) monetary transfers.

On-chain analytics firm Glassnode noted in a report dated September 25 that “there is minimal evidence that inscriptions are displacing monetary transfers.”

Increased inscriptions could lead to greater revenue, but there are complexities involved.