Description
Download our Cointime Economics report where we explore a new economic framework for Bitcoin, developed in collaboration with ARK-Invest.
https://get.glassnode.com/cointime-economics/
Inscriptions have been a significant buyer of Bitcoin blockspace since their introduction in Feb 2023. In this edition, we explore whether inscriptions are displacing monetary transfers, and how the increase in fees has impacted miner profitability.
📰 Written Report: https://glassno.de/46avQzZ
📊 Live Dashboard: https://glassno.de/3t9oVIM
Topics for Discussion:
- Analysis of inscriptions now that we have several months of data.
- Observations regarding transaction counts vs data footprint.
- How to consider inscriptions as a blockspace buyer of last resort.
- Impact of increased fee revenue on miner profitability.
Key Dashboards
💸 Mastering Realized Cap Dashboard: https://glassno.de/3YgoxUg
♟️ Mastering MVRV Dashboard: https://glassno.de/3IRQB9k
🚀 Start your Glassnode Advanced free trial today: https://glassno.de/3QFXu0S
🔬 Technical Analysis Toolbox: https://glassno.de/3MPzgRv
📟 Spotting Cycle Tops and Bottoms Dashboard: https://glassno.de/cycleextreme
🐻 Recovering From a Bitcoin Bear Dashboard: https://glassno.de/recoveringbear
🏦 Exchanges Dashboard: https://glassno.de/3RimWJY
💸 Realized Profit Loss Dashboard: https://glassno.de/3H6c8dz
💵 Pricing Models Dashboard: https://glassno.de/3J9hVkW
🌊 HODL Wave Dynamics: https://glassno.de/3xzSmTn
📈 Bitcoin Price Performance Dashboard: https://glassno.de/3UwBRCf
🦐 Shrimp Supply Sink Report: https://glassno.de/41hmhgp
📊 Realized Profit/Loss Momentum: https://glassno.de/3P6XkAq
🪟 Capital Rotation Dashboard: https://glassno.de/3P78rbu
Getting Started with Glassnode:
📈 Navigating Tops and Bottoms: https://glassno.de/3OpgSgA
⛓️ On-chain Activity: https://glassno.de/3xXM13Q
⛏️ Mining Fundamentals: https://glassno.de/3nnfL5m
🪙 Supply Dynamics: https://glassno.de/3NyhPlK
🕰️ Introduction to Lifespan: https://glassno.de/3ehCmzn
💸 Realized and Unrealized Value: https://glassno.de/3ExnCa1
👴 Long and Short-Term Holders: https://glassno.de/3QLUzCt
Timestamps
0:00 Introduction
2:13 Mempool Analsysis
4:47 Inscription Analysis
6:33 Transaction Counts and Block Capacity
8:55 UTXO Set Growth
10:46 Inscriptions and Fees
13:37 Do Inscriptions Price out Monetary Transfers?
17:33 Impact on Miner Revenues
19:50 The Relentless Decline of Hashprice
21:18 Will Miners Survive the Halving?
24:13 Summary and Conclusions
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About:
The Glassnode video report provides a weekly analysis update of the trends, performance, and onchain metrics for Bitcoin and the crypto market.
Disclaimer:
This report does not provide any investment advice. All data is provided for information purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions.