Whereas Bitcoin inscriptions continue to reach headlines and spur debates, inscriptions on Ethereum Virtual Machine (EVM) chains regain won traction previously month, seriously on the Polygon community, per an X thread from Hildobby, a data analyst at crypto-native mission capital firm Dragonfly.

Gasoline charges spent on inscriptions peaked at about $800,000 two weeks previously sooner than taking flight, but inscriptions regain remained stronger on Polygon, representing 72% of general transactions on the chain previously week. Hildobby attributes critical of this command to the Polygon-centered inscription marketplace POLS Market.

“Polygon appears to be like to be where most inscriptions are on account of @PolsMarket whose inscription “pols” has viewed primarily the most minters with ~100k addresses,” Hildobby wrote.

Inscriptions on EVM chains work by storing shrimp quantities of metadata in the name data for a blockchain transaction. In an identical plot to Bitcoin Ordinals, EVM inscriptions in point of fact originate neat contract-based entirely entirely non-fungible tokens (NFTs). And, esteem Ordinals, EVM inscriptions regain raised concerns, at the side of about whether or now not the technology is scalable.

But Hildobby infamous that he isn’t advocating for EVM chain inscriptions, tweeting, “FYI: Inscriptions stride against every EVM map decisions, with gas charges being the completely revenue, at the expense of indexing, non-compatibility, integration challenges.”