Ordinals have been a highlight for the king of cryptos since its inception in 2023. The BRC20 episode gained much traction, and the ecosystem has grown ever since. In fact, Binance’s latest report revealed how the space has been evolving.highlighting several interesting developments around Bitcoin’s much-discussed ordinals. As per the report, inscriptions and BRC-20s have served as significant catalysts for activity in the Bitcoin ecosystem over the past year.
It is unclear whether inscription activity on EVM-compatible chains will resume given that these chains have native smart contract capability and the trade-offs involved in using off-chain indexers.
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