BRC-20热度持续升温，Bitget如何快速布局轮动板块？
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BRC-20热度持续升温，Bitget如何快速布局轮动板块？
The popularity of BRC-20 tokens has surged rapidly, driving significant growth in transaction volume and fees on the Bitcoin blockchain.
Navigating Web3 tides with focused insightsSince the creation of Bitcoin in 2009, it has transformed our understanding of digital currency and pioneered the concept of decentralized digital money. Subsequently, Ethereum innovated upon Bitcoin's foundation by creating a new platform capable of supporting decentralized applications and smart contracts on its blockchain. This breakthrough innovation led to the introduction of the ERC-20 token standard in 2015, enabling the Ethereum blockchain to support not only ETH but also thousands of other cryptocurrencies.
In 2023, Bitcoin introduced the Ordinals protocol, making it possible to attach additional data to individual satoshis on the Bitcoin blockchain. This marked a significant leap forward for Bitcoin in terms of innovation and ecosystem diversification, introducing both fungible and non-fungible tokens to the Bitcoin blockchain.
What Are BRC-20 Tokens?
The BRC-20 token standard was created in March 2023, leveraging the Ordinals protocol to "inscribe" tokens directly onto the Bitcoin blockchain, allowing users to mint and transfer these tokens. This novel approach injected new vitality into the previously dormant Bitcoin blockchain. Interest in BRC-20 tokens quickly surged, driving substantial increases in transaction volume and fees on the Bitcoin network. Within just one month of launch, tokens such as Ordinals (ORDI), Pepe (PEPE), and MEME (MEME) began to emerge.
With Foresight, Bitget Quickly Expands into the BRC-20 Ecosystem
In response to emerging trends within the Bitcoin ecosystem, Bitget was among the first centralized exchanges (CEXs) to explore this space. Whether driven by strong support for the Bitcoin ecosystem or exceptional market sensitivity, Bitget began positioning itself in the BRC-20 sector as early as April this year, listing several early popular BRC-20 projects including PEPE, ORDI, and BIP1.
Since November, with the recovery of the crypto market, Bitcoin-based ecosystem tokens have collectively gained strength. Taking BRC-20 tokens as an example, they saw average gains exceeding 300% in November alone. Among the top performers were RATS, PEPE, and ORDI, which rose 774%, 486%, and 447% respectively throughout the month. Bitget’s early listing of multiple BRC-20 tokens in April allowed its users to firmly ride this wave of momentum.
Outlook for the Future of BRC-20 Tokens
Currently, the development of BRC-20 tokens faces certain limitations—such as incompatibility with EVM (Ethereum Virtual Machine)—which restrict their growth and make it difficult for them to rise as rapidly as tokens within the Ethereum ecosystem. However, it is worth noting that BRC-20 tokens and the broader Bitcoin ecosystem continue to evolve and improve. As infrastructure matures, the potential for future growth remains significant.
Overall, while the future of BRC-20 tokens remains uncertain, their impact within the cryptocurrency space cannot be overlooked. Investors considering participation in this sector should thoroughly understand and assess the associated risks and rewards to ensure informed decision-making.
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