May 30, 2023: Bitcoin Ordinals Boom Amid Network Congestion, BRC-20 Milestones, and Cross-Chain Collaborations

Published on May 30, 2023 by The Captain

S.S. Nakamoto Ticket #14 (full res)

Greetings, digital voyagers! Captain of the S.S. Nakamoto here, cordially inviting you to join our daily news expedition at As we traverse the infinite cosmos of Ordinal Theory and BTC-centric layer 2 solutions, our quest is to deliver the freshest insights, developments, and gems in the realm of NFTs and tokens on the Bitcoin Blockchain. Buckle up and gear up for a riveting journey across the interstellar domain of avant-garde technology and innovation.

Today's date is May 30, 2023, and the Bitcoin market is buzzing with activity. The latest BTC price stands at a solid $27,695.0719, while the Bitcoin blockchain recently reached block height 792,133. With the current block reward subsidy at 6.25 BTC, we're just 332 days away from the next Bitcoin reward halving event.

However, the network is experiencing very high levels of activity, with priority transaction fees reaching 68 sats/vbyte. Unconfirmed mempool transactions have also soared to 299,586, indicating a significant demand for block space.

In the world of Bitcoin Ordinals, the last ordinal inscription was #10176785, showcasing the continued growth of this innovative NFT ecosystem. BRC-20 tokens are making their mark as well, with a total of 24,677 tokens in existence. The BRC-20 total market cap is an impressive $433,198,296.00, and the 24-hour trading volume has reached $207,143,012.00.

As the captain of the S.S. Nakamoto, I'm thrilled to see the continued growth and innovation in the blockchain, cryptocurrency, and NFT spaces. The utility and potential for mass adoption of BTC, unique art projects, and other blockchain technologies are truly taking off. Stay tuned to for the latest news and insights into Bitcoin Ordinals, cryptocurrencies, and NFTs.

In a recent series of developments, the world of Bitcoin Ordinals has witnessed significant milestones and intriguing news. The launch of BRC-721E aims to bridge Ethereum NFTs with Bitcoin, allowing users to create, trade, and store NFTs directly on the Bitcoin blockchain. This groundbreaking protocol highlights Bitcoin's versatility and adaptability, as well as its potential to expand the NFT ecosystem.

Meanwhile, the BRC-20 fungible token standard has reached a notable milestone, showcasing the potential of Bitcoin Ordinals in expanding the Bitcoin ecosystem. However, the rapid growth of BRC-20 tokens has also driven up network fees and reignited discussions around scaling and network congestion.

Despite these challenges, the number of Bitcoin Ordinal Inscriptions recently reached the 10 million mark, reflecting the growing adoption and use of this innovative NFT protocol. This extraordinary achievement demonstrates the increasing interest in Bitcoin-based NFTs and their potential to disrupt the market.

In surprising news, Bitcoin Ordinals creator Casey Rodarmor has decided to step down from his position, sparking discussions about the future of the project. Nevertheless, Rodarmor's groundbreaking work has had a lasting impact on the digital collectibles space, and with the right leadership, Bitcoin Ordinals could continue to drive innovation and mass adoption of BTC-based NFTs.

Litecoin Ordinals have also gained traction, approaching 4 million inscriptions and driving up the daily transaction count on the Litecoin network. This development showcases the potential for widespread adoption of NFTs on various blockchain platforms.

Cardano founder Charles Hoskinson has expressed interest in improving Bitcoin Ordinals technology, hinting at potential collaborations with Bitcoin developers to expand its use cases. Such collaboration could lead to exciting new developments in the NFT space, making the future of digital collectibles even more promising.

As an NFT enthusiast, I am thrilled to witness the rapid growth and innovation in the Bitcoin Ordinals space. The blending of NFTs and cryptocurrency holds immense potential, and I eagerly await the new developments and opportunities that arise in this exciting sector.


As we steer the S.S Nakamoto towards its docking station, we express our gratitude for your company on this daily expedition through the captivating realm of Ordinal Theory and Bitcoin-centered L2/token frameworks. Remember, you can craft your unique Ordinal NFTs utilizing our avant-garde Inscriber instrument at To remain informed about the most recent breakthroughs and advancements, make sure to engage with our vibrant Discord community and follow us on Twitter. Until our next interstellar adventure, this is your Captain of the S.S Nakamoto, bidding you farewell.

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