The surging activity surrounding inscription protocols on networks supporting Ethereum Virtual Machine smart contracts has died down from an initial frenzy just a couple of weeks ago.
Data from Dune Analytics shows that inscriptions continue to represent an outsized share of activity on Avalanche and Ethereum’s Goerli testnet, but have since died down on leading Layer 2 networks in addition to the Polygon PoS sidechain and BNB Chain.
Over the past seven days, inscriptions accounted for 77% of transactions on Avalanche, 67% on Goerli, 10% on Base, 7.5% on ZkSync Era, less than 5% on BNB Chain and OP Mainnet, and just 1% on Polygon PoS Chain.
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#undefined [Source: TheDefiant]