TON blockchain slows to a halt as Ordinals activity surges
Based on messages from TON developers and users on Telegram, as the Ordinals-inspired protocol activity surges, the processing speed of the TON blockchain has slowed down. According to data from the dTON robot monitoring the status of the blockchain, as of early Friday morning, there were over 2.5 million transactions waiting to be processed, and the speed of the TON blockchain has dropped to less than one transaction per second.
ORDI rose by more than 10% in a short period of time, rising back above $57
On December 7th, according to OKX market data, ORDI short-term rose more than 10%, rebounding above $57, now quoted at $57.007, with a 24-hour increase of 19.97%.
Bitcoin Core developer: Ordinals is just a scam
Bitcoin Core developer Luke Dashjr posted on social media that Ordinals are just a scam.
Sotheby’s First Auction of Bitcoin Ordinals Series BitcoinShrooms
Sotheby's Digital Art Department announced the auction of the BitcoinShrooms artwork, which is part of the Bitcoin Ordinals project designed by anonymous artist Shroomtoshi. The BitcoinShrooms series was originally minted on the blockchain on October 22. The BitcoinShroom website and X account both claim that this is "the first Ordinals series ever".
ORDI approaches 70 USDT in the short term, continuing to reach new highs
According to the OKX market, ORDI has risen in the short term and is approaching 70 USDT, currently reported at 68.38 USDT, with a 24-hour increase of 9.33%, continuing to hit a new historical high.
ORDI rebounds to 63 USDT
Market data shows ORDI has risen to 63 USDT and is now trading at 63.4 USDT, with an hourly increase of over 13%.
In the past 12 hours, ORDI's position liquidated to US$14.94 million, second only to BTC
According to Coinglass data, ORDI liquidated 14.9409 million US dollars in the past 12 hours, second only to BTC (Ethereum liquidation was 13.77 million US dollars), of which long positions were liquidated about 9.286 million US dollars, and short positions were liquidated about 5.655 million US dollars.
Ordinals inscription’s cumulative fee income exceeds US$140 million
According to the latest data from Dune, as of December 6th, the cumulative fee income generated by the Bitcoin NFT protocol Ordinals' inscription casting has exceeded 3361 BTC, equivalent to 142,138,023 US dollars. The current total number of inscriptions cast is 46,373,974.
ORDI briefly surged above $58, setting another record high
On December 5th, according to OKX market data, ORDI briefly surged above $58 before falling back, now trading at $56.479, with a 24-hour increase of 43.54%.
ORDI’s market capitalization has now exceeded US$1 billion
According to CoinGecko data on December 5th, ORDI's market value has now exceeded $1 billion, reaching $1,053,372,018, making it the first Bitcoin inscription project to exceed a market value of $1 billion.
