Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

2025-05-19

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18

Hedera Hashgraph (HBAR) Price forecast before 19 May

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-18

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate Web3 AI-Game Development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Bitcoin Network Fees Skyrocket Nearly 1,400% in November as Ordinals Dominate the Top Blockchain
Analysis

Bitcoin Network Fees Skyrocket Nearly 1,400% in November as Ordinals Dominate the Top Blockchain

2023-11-19No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin (BTC) network fees see a huge increase in November as demand for ordinal numbers floods the leading blockchain.

Data from CryptoFees.info finds that BTC transaction fees skyrocketed from $779,549 at the start of the month to a peak of $11.63 million on November 17, an increase of 1,391%.

The number has dropped slightly and is hovering around the $11.559 million mark.

Bitcoin ordinal numbers allow users to enroll digital assets such as images and videos into a single satoshi, or individual unit of BTC, to create the equivalent non-fungible tokens (NFTs) on the crypto king’s network.

Data from blockchain tracker Dune Analytics finds that ordinal numbers have dominated BTC transactions.

According to Dune, the vast majority of BTC transactions in November involved ordinal numbers, especially those that embed text on satoshis, the lowest value of the major crypto assets by market capitalization.

Dune also reveals that there have been 41,666,862 ordinal inscriptions to date, generating fees of 2,809,5313 in BTC worth $102,901 million at the time of writing.

Earlier this week, widely followed crypto analyst The Flow Horse said that Ordinals (ORDI), the token associated with BTC’s ordinal protocol, is showing signs of continuing its bullish momentum.

“[ORDI] it looks like there’s another leg going up. ORDI remains lifted and is a new pair breaking its first consolidation without flashing warning signs of overheating.”

Source: The Flow Horse/X

ORDI is trading at $23.80 at the time of writing, up 4.75% over the past 24 hours, while BTC is trading at $36,704, up fractionally in the same time frame.

See also  Cardano ADA is trading below $0.41 mark, will it break the barriers?

Don’t miss a beat – Subscribe to receive email alerts straight to your inbox

Check price action

follow us on Tweet, Facebook And Telegram

Surf to the Daily Hodl mix

Generated image: Midjourney



Source link

Bitcoin Blockchain dominate Fees Network November Ordinals skyrocket Top
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

2025-05-19

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18

Jesse Pollak explains how Pectra Upgrade will overload the basic network

2025-05-18

Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Bitcoin is about to head north as several indicators line up for BTC, according to Crypto Analyst

2023-10-08

Particle Network Announces Modular L1 Powering Chain Abstraction

2024-03-22

How Aptos responded to the fake APT fiasco on Korean exchange Upbit

2023-09-25
Editors Picks

Fartcoin – how a flip can mean more profit for Memecoin in the short term!

2025-04-07

Multiple network to expand Web3 innovation in collaboration with Bee Network

2025-01-28

Spain requires disclosure of foreign-owned crypto assets over €50,000 for tax purposes

2023-11-28

XRP traders, beware! Inflow of $ 11 million may not be sufficient for the price of Altcoin if …

2025-04-19
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

Hedera Hashgraph (HBAR) Price forecast before 19 May

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,961.84-0.43%
  • ethereumEthereum(ETH)$2,373.41-4.72%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.33-1.82%
  • binancecoinBNB(BNB)$636.10-1.19%
  • solanaSolana(SOL)$162.99-3.47%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2171370.01%
  • cardanoCardano(ADA)$0.72-3.67%
  • tronTRON(TRX)$0.261182-3.98%
  • suiSui(SUI)$3.72-1.62%
  • chainlinkChainlink(LINK)$15.03-3.01%
  • avalanche-2Avalanche(AVAX)$21.58-4.39%
  • stellarStellar(XLM)$0.278307-3.51%
  • hyperliquidHyperliquid(HYPE)$25.48-3.29%
  • shiba-inuShiba Inu(SHIB)$0.000014-1.49%
  • unus-sed-leoUNUS SED LEO(LEO)$8.64-0.41%
  • hedera-hashgraphHedera(HBAR)$0.187401-2.64%
  • bitcoin-cashBitcoin Cash(BCH)$384.97-3.25%
  • the-open-networkToncoin(TON)$3.01-2.46%
  • litecoinLitecoin(LTC)$95.01-2.37%
  • polkadotPolkadot(DOT)$4.47-4.02%
  • moneroMonero(XMR)$343.041.06%
  • bitget-tokenBitget Token(BGB)$5.08-0.32%
  • pepePepe(PEPE)$0.0000133.29%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.730.52%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.69-1.65%
  • bittensorBittensor(TAO)$399.00-6.30%
  • nearNEAR Protocol(NEAR)$2.68-1.49%
  • aaveAave(AAVE)$213.67-3.88%
  • okbOKB(OKB)$52.19-1.79%
  • aptosAptos(APT)$4.87-4.94%
  • ondo-financeOndo(ONDO)$0.90-2.69%
  • kaspaKaspa(KAS)$0.106902-2.45%
  • internet-computerInternet Computer(ICP)$5.03-3.33%
  • ethereum-classicEthereum Classic(ETC)$17.57-3.73%
  • gatechain-tokenGateToken(GT)$21.40-0.79%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.70-0.87%
  • crypto-com-chainCronos(CRO)$0.094966-3.08%
  • mantleMantle(MNT)$0.73-0.32%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.229381-2.06%
  • vechainVeChain(VET)$0.027210-2.62%
  • render-tokenRender(RENDER)$4.38-4.07%
  • usd1World Liberty Financial USD(USD1)$1.000.05%
  • ethenaEthena(ENA)$0.351741-4.54%
  • algorandAlgorand(ALGO)$0.213370-2.09%
  • filecoinFilecoin(FIL)$2.74-2.78%
  • cosmosCosmos(ATOM)$4.67-1.32%
  • bitcoinBitcoin(BTC)$102,961.84-0.43%
  • ethereumEthereum(ETH)$2,373.41-4.72%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.33-1.82%
  • binancecoinBNB(BNB)$636.10-1.19%
  • solanaSolana(SOL)$162.99-3.47%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2171370.01%
  • cardanoCardano(ADA)$0.72-3.67%
  • tronTRON(TRX)$0.261182-3.98%
  • suiSui(SUI)$3.72-1.62%
  • chainlinkChainlink(LINK)$15.03-3.01%
  • avalanche-2Avalanche(AVAX)$21.58-4.39%
  • stellarStellar(XLM)$0.278307-3.51%
  • hyperliquidHyperliquid(HYPE)$25.48-3.29%
  • shiba-inuShiba Inu(SHIB)$0.000014-1.49%
  • unus-sed-leoUNUS SED LEO(LEO)$8.64-0.41%
  • hedera-hashgraphHedera(HBAR)$0.187401-2.64%
  • bitcoin-cashBitcoin Cash(BCH)$384.97-3.25%
  • the-open-networkToncoin(TON)$3.01-2.46%
  • litecoinLitecoin(LTC)$95.01-2.37%
  • polkadotPolkadot(DOT)$4.47-4.02%
  • moneroMonero(XMR)$343.041.06%
  • bitget-tokenBitget Token(BGB)$5.08-0.32%
  • pepePepe(PEPE)$0.0000133.29%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.730.52%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.69-1.65%
  • bittensorBittensor(TAO)$399.00-6.30%
  • nearNEAR Protocol(NEAR)$2.68-1.49%
  • aaveAave(AAVE)$213.67-3.88%
  • okbOKB(OKB)$52.19-1.79%
  • aptosAptos(APT)$4.87-4.94%
  • ondo-financeOndo(ONDO)$0.90-2.69%
  • kaspaKaspa(KAS)$0.106902-2.45%
  • internet-computerInternet Computer(ICP)$5.03-3.33%
  • ethereum-classicEthereum Classic(ETC)$17.57-3.73%
  • gatechain-tokenGateToken(GT)$21.40-0.79%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.70-0.87%
  • crypto-com-chainCronos(CRO)$0.094966-3.08%
  • mantleMantle(MNT)$0.73-0.32%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.229381-2.06%
  • vechainVeChain(VET)$0.027210-2.62%
  • render-tokenRender(RENDER)$4.38-4.07%
  • usd1World Liberty Financial USD(USD1)$1.000.05%
  • ethenaEthena(ENA)$0.351741-4.54%
  • algorandAlgorand(ALGO)$0.213370-2.09%
  • filecoinFilecoin(FIL)$2.74-2.78%
  • cosmosCosmos(ATOM)$4.67-1.32%