According to Glassnode data, since the launch of Ordinals, Bitcoin’s average block size cap has increased significantly, from 1.5-2.0 MB to 3.0-3.5 MB in a few weeks. This increase is not only related to images, but also to larger files such as audio and video starting to be stored as Ordinals.
It is worth noting that Inscription 652, the first NFT work minted by the Taproot Wizards series on February 1, set a new record for the largest block and transaction in Bitcoin history, reaching a size of 4 MB.
Glassnode showed that while the Ordinal network had a significant impact on Bitcoin transaction hash size and cost, the average size of a transaction increased by more than 100%, from 600 bytes to 1100 bytes.
According to the latest data from Dune Analytics, the current number of NFT minted by the Ordinals protocol on the Bitcoin network is close to 150,000 (142,735).