Ordinals Protocol Sparks 3-Week Surge in LTC and DOGE Network Activity

The adoption of the Ordinals protocol, initially introduced on the Bitcoin network, has now spread to Litecoin and Dogecoin, resulting in a surge of transactions. Dogecoin set a new record with 1.2 million transactions in a 24-hour period, while Litecoin reached its highest daily transaction volume with 584,000 transactions. The Ordinals protocol was successfully ported to Litecoin and Dogecoin, leading to increased network activity. Additionally, the introduction of LRC-20 and DRC-20 token standards further fueled activity on the two networks, allowing users to create and issue new meme-coins. Bitcoin also experienced a significant increase in Ordinals inscriptions, driven by the BRC-20 token standard.