Despite the recent price drop and the hype around NFTs has faded, Ordinals inscriptions remain prominent on the Bitcoin (BTC) network.

On August 21, the developer behind Ordinals, known as “Leonidas,” revealed that Bitcoin had processed 530,788 transactions over the past 24 hours. Impressively, 450,785 of these transactions were related to Ordinals, which is 84.9% of the activity on Bitcoin.

He added that this comes when many voices in the industry claim that “ordinal characters are dead”.

Data from Dune Analytics supports this trend, reporting more than 400,000 ordinal patterns on August 20. In addition, Bitinfocharts reported the number of daily Bitcoin transactions at around 556,000. This data indicates that more than three-quarters of the network’s activity that day was related to Ordinals.

Industry researcher Eric Wall also notes that over the past week, 54% of transactions on the bitcoin network were ordinal.

According to data from Dune, there have been 25.5 million ordinal inscriptions, generating $53.4 million in fees on the Bitcoin network.

Currently, the inscriptions are primarily driven by the BRC-20 mint, with 1.9 million minted last week.

Of the more than 25 million inscriptions, recursive inscriptions (an upgrade on Ordinals) account for about 140,000. This upgrade allows developers to use data from previous forges in new forges, which could enable Bitcoin to support complex applications, video games, and other advanced uses.

This paints a contrasting picture to a report from DappRadar on August 17, which claimed that Ordinals NFT usage and sales volume have declined since it peaked in May. Some cryptocurrency watchers even declared that the hype has “faded”. However, actual cryptocurrency activity on the bitcoin network remains strong.

Bitcoin ordinal are non-fungible asset tools that enable data to be recorded on satoshi, which is the smallest division of bitcoin.

Since its launch in January, the protocol has seen a logging trend boom, resulting in thousands being minted on the Bitcoin network. This caused congestion and transaction fee hikes, peaking in April and May.