According to @adam3us, on-chain 'JPEG' inscriptions climbed from 88 million in May to 105 million four months later, a 20% increase, source: @adam3us citing BitMEX Research. According to @adam3us, by May inscription-related fees totaled 7,000 BTC, which at a $100,000 BTC price equals $700 million and about $8 paid per JPEG on average, source: @adam3us citing BitMEX Research. According to @adam3us, the inscriptions are primarily implemented via Taproot, source: @adam3us citing BitMEX Research. According to @adam3us, traders can use these dataset points to monitor BTC fee levels, blockspace utilization, and inscription activity as inputs for assessing on-chain transaction costs and miner fee trends, source: @adam3us citing BitMEX Research.