Inscriptions to Ethereum Virtual Machine (EVM) are clogging the blockchain and causing networks to collapse.
The surge in inscriptions has led to at least six blockchain networks, including Arbirtrum, Avalanche, Cronos, zkSync, and TON, experiencing partial or full outages recently.
Celestia, a modular data availability network, is the latest to be impacted.
Some industry insiders regard EVM inscriptions as a way for retailers to access low-cap coins, while others view it as an over-hyped trend.