$1.5 Trillion global investment firm Franklin Templeton has identified Ordinals as a key catalyst in the recent surge of Bitcoin development.

In a report shared on Thursday, the firm highlighted the significant increase in innovation and development activity within the Bitcoin ecosystem, driven primarily by the rise of Bitcoin NFTs, or Ordinals, new fungible token standards, Layer 2s, and other Bitcoin DeFi primitives.

Notably, this increase in activity has seen a surge in Ordinals’ trad...