Bitcoin Inscriptions surge: 200k created in one day – yet demand remains minimal

Quick Take

• CryptoSlate recently reported that Inscriptions passed the one million milestone.
• A new record was set for the biggest one-day count for Inscriptions — roughly 200,000 Inscriptions were created on April 23.
• However, the mempool was fully cleared at block 786551 — showing the demand for Inscriptions isn’t there.
• Doing a deep dive into this, it seems that the count is coming primarily from text and not representative of images. It appears the new craze is flooding Inscriptions as texts.

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