- Interest in Ordinals, in particular BRC-20 tokens, is rising.
- Ordinals and BRC-20 tokens are continuing to break records.
- However, Ordinals and BRC-20 tokens’ success comes with Bitcoin’s demise.
Ordinals have revolutionized how people navigate and use Bitcoin. However, given Bitcoin’s recent struggles with network congestion and high network fees, Bitcoin maxis, who aren’t in favor of Ordinals, are running victory laps seeing its demise and possible decline.
After registering over five million inscriptions and accruing $27 million in total fees, it’s unlikely that Ordinals will slow down. Especially now that Ordinals-powered BRC-20 tokens are soaring toward a new market cap record.
$1B worth of Memes and Listings
Bitcoin Request for Comment (BRC-20), a new token standard introduced by Pseudonymous on-chain analyst Domo, is taking over Bitcoin. BRC-20.io reports the new protocol,…
