Data: The trading volume of tokens issued based on the Ethscriptions protocol has surpassed 1 million USD

ChainCatcher message, according to OpenSea data, since the launch of the Ethscriptions protocol in mid-June, the trading volume of Tokens issued based on this protocol has exceeded 568 ETH (approximately 1.06 million USD).

According to The Block, despite this, the protocol is currently still in a highly speculative phase, lacking a clear value proposition. However, its creator Tom Lehman asserts that Ethscriptions provides a cost-effective alternative for Ethereum NFTs. (source link)