iERC20 Protocol Gains Renewed Attention: Partnering with Leading Blockchain Game, Ethi Rises into the Spotlight
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iERC20 Protocol Gains Renewed Attention: Partnering with Leading Blockchain Game, Ethi Rises into the Spotlight
The project plans to introduce the PoW fair mining model into the IERC20 protocol and actively collaborate with other projects to launch inscriptions.
Navigating Web3 tides with focused insightsWritten by: TechFlow
On November 13, the iERC20 protocol officially announced a collaboration with Sparkle, a GameFi project incubated by Binance. Sparkle stated it will introduce Inscription NFTs and other Inscription assets onto iERC20, leveraging the advantages of Inscriptions to upgrade gameplay within the GameFi ecosystem.
This partnership has drawn significant attention, shifting focus from ETHS's solo spotlight toward iERC20.
IERC20 is an Ethereum-based token protocol that provides Ethereum users with a low-cost token ecosystem without disrupting existing infrastructure. Anyone can deploy, mint, and trade tokens on IERC20. $Ethi is the first token in the IERC20 ecosystem and enjoys official support.
The two protocols are not mutually exclusive; they coexist and grow together, strengthening the Ethereum inscription ecosystem.
In terms of indexing, Ethi’s index uses a base method involving the zero address and certain special addresses, improving block retrieval efficiency and enabling broader participation in indexing contributions while supporting functions such as Deploy, Mint, Proxy transfer, and Freeze Sell.
The uniqueness of iERC20 lies not only in Swap development but also in its integration of EVM cross-chain functionality, building a bridge between Ethereum inscriptions and traditional Layer2 solutions, introducing more mainstream and stablecoins, expanding the TVL of the inscription ecosystem, and opening up new possibilities for the entire system.
Moreover, the team plans to introduce a fair PoW mining model into the IERC20 protocol and actively collaborate with other projects to launch inscriptions, similar to the Atom protocol’s mining approach, pioneering a new Launchpad model within the Ethereum ecosystem.
Although $Ethi emerged almost simultaneously with $ETHS, it was far less famous initially and did not experience significant price increases early on. This was because the team focused quietly on development, having already implemented inscription divisibility technology at launch.
Despite debuting around the same time as $ETHS, $Ethi remained relatively unknown due to the team's low-key development efforts and failed to gain substantial momentum early. However, following $ETHS's rise in popularity, $Ethi gradually came into the spotlight and experienced subsequent price growth. Compared to ETHS, $Ethi’s divisible nature makes it more accessible to retail investors, although its market cap still lags significantly behind $ETHS, as shown in the comparison charts below:
Within the iERC20 ecosystem, Ethi acts as a "shovel"—a foundational tool—granted special utility by the official team. For example, holding Ethi entitles users to inscription airdrops from partner projects. Recently, Sparkle distributed inscription airdrops to Ethi holders:
Currently, many inscription community members are beginning to FOMO, eager to participate. From the perspective of bullish investors, several positive catalysts are emerging for Ethi:
1. The officially recognized leading token on IERC20;
2. FOMO sentiment spreading from ETHS to Ethi, especially as ETHS has already seen massive gains;
3. Serving as the "golden shovel" within the iERC20 ecosystem, this utility grants Ethi underlying value—if the inscription ecosystem thrives, so does Ethi;
4. The upcoming launch of the PoW mechanism.
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