By : Ron Hale
Two intriguing protocols have emerged, each with its unique features and potential. Let’s delve into the statistics and characteristics of Ordinals and Ethscriptions, and explore the opportunities they present to users and investors.
The User Base
As of October 2023, Ordinals boasts a substantial user base, with 190,119 unique users in the span of December 2022 to October 2023. In contrast, Ethscriptions, while promising, has a more modest following, with 69,297 unique users from May 2023 to October 2023.
Inscriptions and Collections
When we examine the total inscriptions, Ordinals stands out with a staggering 35,876,130 inscriptions, indicating its popularity and adoption in the crypto community. On the other hand, Ethscriptions has 1,519,818 inscriptions, which is a notable achievement considering its recent emergence.
Both protocols have their top collections. Ordinals shines with collections such as @OrdinalMaxiBiz, @Bitcoin_Punks_, and @BitcoinFrogs. Ethscriptions, however, takes its own route with prominent collections like @mfpurrs, Sub10K Punks, and @ethsmaxis, each offering a unique value proposition.
Market Capitalization
In the world of cryptocurrencies, market capitalization often reflects investor confidence. Ordinals displays impressive market cap figures with $ORDI at $114,290,411 and $SATS at $39,056,523. In comparison, Ethscriptions shows potential with $eths at $29,797,122 and $dumb at $1,367,113.
A Recap and a Future Outlook
It’s essential to note that Ethscriptions is still in its early stages, making it an exciting opportunity for those who may have missed out on Ordinals. However, it’s equally crucial for potential investors to conduct their research (DYOR) to fully understand the risks and rewards associated with these protocols.
The world of blockchain and cryptocurrency is rife with innovation and unpredictability. Both Ordinals and Ethscriptions bring their unique strengths and opportunities to the table. Whether you lean toward the established success of Ordinals or the early-stage potential of Ethscriptions, one thing is…
