Whilst some of those against Ordinals cite the possibility of a rise of transaction fees as a reason to oppose them, CryptoQuant notes that an uptick in demand for block space, coupled with a rise in fees generated by miners, is positive for long-term network security for Bitcoin.

This article has been originally published at: https://www.coindesk.com/markets/2023/02/09/cryptoquant-bitcoin-network-activity-spikes-to-two-year-high-thanks-to-nfts/