The total number of Bitcoin. sats domain names developed based on the Ordinals protocol has exceeded 60000
According to the report, according to the data of Dune Analytics, the total number of Bitcoin. Sats domain names developed based on the Ordinals protocol has exceeded 60000, and the number of independent domain names after the duplication has reached 48600, and the number of independent casting addresses has reached 26200, resulting in a cost of 120 million SATS.
Interpretation of this information:
The message states that the total number of Bitcoin Sats domain names developed on the Ordinals protocol has exceeded 60000. In addition, the number of independent domain names after the duplication has reached 48600, and the number of independent casting addresses has reached 26200. This development has resulted in a cost of 120 million SATS.
This report reveals the growing trend of utilizing domain names in the Bitcoin network. With the use of the Ordinals protocol, people are able to develop domain names that are integrated with Bitcoin, and this has become increasingly popular. The number of independent domain names being developed is a testament to the rising interest in this technology.
The report also highlights the number of independent casting addresses that have been developed using the protocol. This is significant because it implies that many people are now using the technology to make transactions on the Bitcoin network. The steady growth of these addresses is indicative of how the Bitcoin network is becoming more accessible to people.
Moreover, the cost of 120 million SATS is an indication of the value that people see in using domain names in the Bitcoin network. With such a high cost, it is clear that people are willing to invest in this technology and believe in its potential.
In conclusion, the report shows that there is a growing trend of utilizing Bitcoin Sats domain names in the Ordinals protocol. The increasing number of independent domain names and casting addresses is a strong indication of how this technology is becoming more mainstream. The high cost associated with it shows the potential that investors and users see in using the technology.
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