Some suggest EVM inscriptions are the latest way for retail traders to access low-cap coins, while others argue it’s an over-hyped fad. Whatever it is, it’s clogging up the blockchain.
The latest degen “gold rush” to inscribe everything from profile pictures to memecoins has led to at least half a dozen blockchain networks cracking under pressure over the past week.
Arbitrum, Avalanche, Cronos, zkSync and The Open Network have all experienced partial or full outages recently due to inscriptions, with modular data availability network Celestia the latest to cave, according to industry researchers who posted a screenshot of its block explorer on Dec. 18.
Videos have also been posted of mass minting on the Celestia network.
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