Surpassing ORDI in market cap, tracing the "development journey" of SATS
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Surpassing ORDI in market cap, tracing the "development journey" of SATS
The story about SATS continues to unfold.
Navigating Web3 tides with focused insightsWritten by: Loon
March 9: $SATS was deployed with a total supply of 210 quadrillion, amounting to 21 million tokens. At the time, I couldn't help but marvel at whoever had such an imaginative idea—to mint a massive quantity 1:1 to satoshis. No one believed it would ever be fully minted.
April 28: The first few inscriptions were already completed. Due to its enormous total supply, SATS began attracting skepticism from many users.
May 4: SATS inscription progress reached 0.33%.
May 9: SATS inscription progress reached 0.4%.
May 11: oxbt gained momentum in the Brc20 ecosystem, surpassing ordi in holder count and boosting SATS development.
May 14: SATS inscription progress reached 0.75%.
May 15: SATS inscription progress hit 1%, with 7,309 unique holder addresses—an important milestone.
May 16: Thanks to Unisat Marketplace’s success, users became enthusiastic about farming Unisat Points, making minting SATS the top choice.
May 17: Social experiment narratives became popular, with roughly 8,000 wallet addresses participating in this "zero-to-all" challenge.
May 20: SATS inscription progress reached 2.3%.
May 21: SATS inscription progress reached 2.66%.
May 22: SATS inscription progress reached 3.35%.
May 23: The Brc20 market launched within OKX Web3 Wallet, enabling some trading activity for SATS. Meanwhile, SATS surpassed ordi in number of holders.
May 29: SATS inscription progress reached 6.6%, with 15,186 holding addresses.
May 31: SATS inscription progress reached 6.96%, with 16,047 holding addresses.
Throughout May, driven by growth in the Brc20 market and the success of $oxbt, more and more KOLs started noticing SATS and promoting it.
June 15: SATS inscription progress reached 9.21%, with 18,816 holding addresses—now ranking first.
June 16: SATS inscription progress hit 10%, breaking through the 10% threshold.
June 24: SATS inscription progress reached 12%.
June 29: SATS inscription progress reached 13.69%, with 19,831 holding addresses. Mint cost stood at $1.35, while market price was $0.80. A whale made a single purchase of $25,000 worth of SATS.
In June, more SATS communities emerged, and prominent figures began accumulating positions.
July 1: SATS inscription progress reached 14.13%.
July 8: SATS inscription progress reached 18.23%.
July 10: SATS inscription progress reached 20.02%, surpassing 20%.
July 11: OKX officially opened deployment for BRC20-S, increasing user confidence in the Brc20 market and accelerating SATS inscription progress.
July 20: SATS inscription progress reached 30.14%, breaking past 30%. Mint cost dropped to $0.65, with market price at $0.45.
July 30: SATS inscription progress reached 36.87%, with 26,905 holding addresses. Mint cost remained $0.65, market price dipped slightly to $0.43.
Throughout July, as BTC prices declined, the entire brc20 ecosystem entered a slump, with gas fees dropping into single digits—making it the ideal time to accumulate SATS. Meanwhile, OKX's market-making activities on the Ordinals marketplace allowed many users to profit via arbitrage.
August 2: SATS inscription progress reached 40.62%, breaking past 40%.
August 8: SATS inscription progress reached 45.43%, with 28,157 holding addresses. Mint cost stayed at $0.65, market price held steady at $0.43.
August 14: SATS inscription progress hit 50.40%, surpassing 50%.
August 22: SATS inscription progress reached 60.56%, breaking past 60%.
August 31: Binance launched its Ordinals inscription service, signaling its official entry into the space. SATS inscription progress reached 68.56%, with 30,071 holding addresses. Mint cost dropped to $0.49, market price fell to $0.36.
Throughout August, Unisat announced reduced inscription fees, other platforms introduced inscription proxy services, and Binance’s entry injected strong momentum into the Brc20 market. Compared to previous months, SATS inscription progress visibly accelerated.
September 2: SATS inscription progress reached 70.50%, surpassing 70%.
September 5: iDclub launched a SATS minting competition, further driving inscription activity.
September 7: Unisat announced plans to launch Brc20-swap.
September 2: SATS inscription progress reached 80.07%, breaking past 80%. Holder count stood at 31,377, with mint cost rising to $1.20 and market price at $0.90.
September 10: The Ordinals Summit took place in Singapore, attended by key players including domo and Unisat.
September 17: SATS inscription progress reached 90.40%, surpassing 90%. There were now 32,556 holders, with mint cost at $0.96 and market price at $0.85.
September 19: SATS inscription progress hit 95.08%, exceeding 95%. Holder count rose to 34,439, with mint cost increasing to $1.40 and market price reaching $1.30.
September 24: SATS inscription progress reached 100%. After over six months and millions of dollars spent, this seemingly impossible mission was finally accomplished.
September 27: Unisat launched the brc20-swap testnet, placing SATS at the top of the list.
In September, FOMO around SATS peaked, leading to its rapid completion. More KOLs began promoting SATS, new communities formed organically, and community sentiment grew extremely strong.
October 10: Unisat announced that SATS would be used to pay for its services.
October 16: Binance listed SATS.
October 30: Unisat revealed the first batch of 14 Brc20 tokens supported on Brc20-Swap: sats, ordi, trac, oshi, btcs, oxbt, texo, cncl, meme, honk, zbit, vmpx, pepe, mxrc.
In October, the Brc20 ecosystem exploded—with animal-themed coins, memes, and community tokens emerging rapidly. Unisat’s decision to adopt SATS as a fee payment token marked its true transition into practical utility.
November 2: SATS completed removal of zero decimals, with individual token price reaching $4.
November 3: SATS market cap surpassed that of ordi.
November 7: Binance announced listing of ordi, pushing its price to $12 per token.
November 9: Gate.io and Bitget listed SATS, pushing its price to $14 per token.
November 12: SATS holder count surpassed 40,000.
November 13: The original top holder publicly announced locking 300,000 tokens, but secretly dumped them on Gate.io.
November 17: Huobi HTX listed SATS, pushing the price to $21 per token.
November 20: Reports emerged that the former second-largest holder also quietly sold off 200,000 tokens.
In November, exchanges began recognizing SATS’ potential. Its surge fueled broader growth across the Brc20 ecosystem, with new tokens rushing to launch daily and gas fees consistently staying above 100.
December 4: As $ordi hit new highs, SATS also reached its all-time high, peaking at $26 per token.
December 12: Binance announced the official listing of SATS. Prior to listing, the price surged from $25 to $54. I believe this exchange listing will propel the token to a new level. SATS will not disappoint anyone who believed in it.
Starting from a minimum mint cost of just $0.50, SATS has already achieved a 100x return.
The story of SATS continues.
As 2023 comes to a close, if you missed $SATS, #Brc20, or #Ordinals this year, it has undoubtedly been a year of regret.
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