{"id":87424,"date":"2023-11-23T14:34:41","date_gmt":"2023-11-23T12:34:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87424"},"modified":"2025-09-13T11:44:05","modified_gmt":"2025-09-13T08:44:05","slug":"fantom-transaction-volume-hits-record-high-amid-launch-of-ordinals-analogue","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/fantom-transaction-volume-hits-record-high-amid-launch-of-ordinals-analogue\/","title":{"rendered":"Fantom transaction volume hits record high amid launch of Ordinals analogue"},"content":{"rendered":"<p>The daily transaction volume on the Fantom network reached record highs, presumably driven by the growing popularity of the <a href=\"https:\/\/forklog.com\/en\/news\/what-are-ordinals-and-brc-20-tokens\">Ordinals<\/a> analogue in the form of tokens of the FRC-20 standard.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The current Fantom Gas charges have soared to over 6,500 gwei, which may be related to the Fantom Inscription FRC-20. On November 22, the number of transactions on the Fantom reached 2.945 million. Driven by the Inscription ASC-20, the number of transactions on the Avalanche\u2026<\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1727624744978329839?ref_src=twsrc%5Etfw\">November 23, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The chart below shows that on November 23 the figure approached 3 million \u2014 nearly double the previous peak in September 2021.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"939\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/fantom-daily-transaction-1024x939.png\" alt=\"fantom-daily-transaction\" class=\"wp-image-220705\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/fantom-daily-transaction-1024x939.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/fantom-daily-transaction-300x275.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/fantom-daily-transaction-768x704.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/fantom-daily-transaction.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/ftmscan.com\/chart\/tx\">FTMScan<\/a>.<\/figcaption><\/figure>\n<p>The spike in on-chain activity was accompanied by a sharp rise in gas price \u2014 to 10 000 Gwei and above.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/gas-8.webp\" alt=\"gas-8\" class=\"wp-image-220706\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/ftmscan.com\/gastracker\">FTMScan<\/a>.<\/figcaption><\/figure>\n<p>Despite the revival in the Fantom blockchain, average daily transaction fees remained virtually unchanged. <a href=\"https:\/\/ftmscan.com\/chart\/transactionfee\">remained virtually unchanged<\/a>.<\/p>\n<p>Due to underdeveloped infrastructure, assessing the number of users and the volume of trading of FRC-20 tokens is not feasible.<\/p>\n<p>Earlier for a similar reason <a href=\"https:\/\/forklog.com\/en\/news\/avalanche-transaction-volume-hits-record-as-ordinals-analogue-launches\">rose sharply<\/a> the transaction volume on Avalanche&#8217;s C-Chain. On November 22 the figure surpassed 6.3 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The daily transaction volume on the Fantom network reached record highs, presumably due to the growing popularity of the Ordinals analogue in the form of FRC-20 standard tokens.<\/p>\n","protected":false},"author":1,"featured_media":87425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1462,1176],"class_list":["post-87424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-fantom-blockchain","tag-ordinals"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=87424"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87424\/revisions"}],"predecessor-version":[{"id":87426,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87424\/revisions\/87426"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/87425"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=87424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=87424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=87424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}