| Time | Details |
|---|---|
| 2024-09-09 05:30 |
ZachXBT Avoids Investigating BTC L2s Due to Prevalence of Grifts
According to ZachXBT, he is not currently investigating any projects related to Bitcoin Ordinals or Bitcoin Layer 2 solutions. He believes that most of these projects are fraudulent or scams, and therefore, not worth his time or effort. (Source) |
| 2024-12-12 14:22 |
Growth in Value Transacted and Stored in Crypto Protocols
According to BitMEXResearch, there is an observed growth in both the value transacted and the value stored across various cryptocurrency protocols. This growth is not limited to the Ordinals protocol, suggesting that other protocols are also contributing significantly to these metrics. (Source) |
| 2024-12-12 14:10 |
Taproot's Unexpected Success in Bitcoin Transactions
According to BitMEX Research, Taproot has achieved significant success in the Bitcoin network. In April 2023, the volume of Taproot outputs surged to nearly 30% of all Bitcoin outputs, largely propelled by the Ordinals project. This increase in usage, although not initially intended, highlights the adaptability and robustness of Taproot's design. Such unforeseen applications underscore the value of flexible and versatile protocol designs in the crypto space. (Source) |