A new brand of crypto collectibles — similar to Bitcoin Ordinals — has apparently hit Avalanche, and it’s responsible for more than 95% of its daily on-chain transactions.
The transaction count on Avalanche’s C-Chain (responsible for handling smart contracts) over the past week has set new all-time highs, reaching an estimated 2.3 million transactions per day on November 19. Avalanche has historically seen around 450 thousand per day on average.
Like Bitcoin Ordinals, Avalanche’s “ASC-20” tokens use inscription to put information onto a blockchain, Jacob Everly, a technical product manager at Ava Lab, told Blockworks.
“Bitcoin Ordinals involves assigning numbers to…
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