Atomicals Ecosystem Sees Broad Gains — What New Developments Are Driving This?
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Atomicals Ecosystem Sees Broad Gains — What New Developments Are Driving This?
The founder's rare appearance and frequent new regulations have raised the community's expectations for Atomicals.
Navigating Web3 tides with focused insightsBy Sharon
On the morning of December 14, according to data from Atomicals Market, major ARC-20 tokens within the Atomicals Protocol ecosystem experienced a broad price surge.
DMINT was quoted at $0.12, up 196.3% over 24 hours; BITVM at $0.03, up 47.73%; REALM at $0.72, up 53.41%; AVM at $0.20, up 48.9%; and ATOM at $10.49, up 10.26%.
Notably, ATOM briefly surpassed $13 yesterday, marking an all-time high.
Significantly, behind the widespread gains of mainstream ARC-20 tokens, frequent ecosystem updates from Atomicals Protocol in recent weeks—along with the rare public appearance by its founder yesterday afternoon—have contributed to this rally.
Founder Arthur Makes Rare Appearance
Yesterday afternoon, Atomicals Protocol founder Arthur accepted an interview invitation from Ordinal Revolution Podcast, joining remotely to share recent developments of the protocol and his views on the Bitcoin ecosystem.
Screenshot from the interview session
During the interview, Arthur noted that when DMINT functionality was first being built, it attracted little attention. Initially, Atomicals Protocol was developed for the Realm system, a project aiming to revolutionize online identity and naming. However, the protocol’s versatility allows it to support any type of computer program, making it ideal for dynamic systems.
Arthur stated that developers are now ready to build a decentralized ID platform on Realms, allowing users to attach avatars, names, and links to their online profiles.
He also provided detailed explanations of Subrealms and DMINT transaction rules, telling the community that “the foundational work has been completed, enabling others to build upon it.”
Additionally, Arthur shared his thoughts on meta protocols, describing them as new methods for developers to create their own data structures and rules instead of relying on rigid existing frameworks. The emergence of meta protocols like Atomicals enables developers to leverage smart contracts and build novel architectures.
Creators can now focus on the Atomicals Virtual Machine (AVM), which will empower developers to build smart contract programs on Bitcoin and deliver unprecedented user experiences.
Atomicals Protocol Update: Enables Microtransactions
In addition, a series of recent updates from Atomicals Protocol have further heightened community expectations.
On December 7, Atomicals Protocol introduced an innovative splitting mechanism for ARC-20 tokens in its official documentation, aimed at solving the "dust limit" issue on the Bitcoin network. On Bitcoin, the smallest amount transferable per UTXO is 546 satoshis, which limits the usability of ARC-20 tokens in microtransactions.
Image source: Atomicals Protocol Official Documentation
The proposed solution introduces a "Substantiation Factor" (SF), redefining the number of satoshis required to back each individual ARC-20 token, thereby overcoming this limitation. At its core, the mechanism allows token holders to change their token units from a 1:1 ratio to finer ratios such as 1:10 or 1:100—effectively "splitting" or "subdividing" their tokens to arbitrary precision.
Notably, executing this operation requires providing regular satoshis as collateral for the token units. By default, ARC-20 operates with zero decimal places—i.e., 1:1 substantiation. By adjusting the exponent, decimal precision can be achieved through "rescaling" or "re-substantiation."
For example, to trade one unit of a token while respecting the dust limit, one could substantiate each token unit with 1,000 satoshis, then execute a 1,000-satoshi transfer with an exponent of 3. This approach not only preserves the fungibility and liquidity of ARC-20 tokens but also significantly enhances transaction flexibility and precision.
Realm Rule Update: Users Can Now Pay with ARC-20 Tokens to Mint Subrealms
On December 12, Atomicals Protocol released updated rules for Subrealms and DMINT, allowing Realm owners to mint Subrealms via bitwork or payments in ARC-20 tokens. This enables users to easily set up advanced rules and payment conditions in real time for claiming Subrealms and DMINT NFT items.
Realms are Bitcoin-native naming systems where anyone can freely register. Each name functions as an NFT token and remains permanently owned by the user unless they choose to transfer or sell it. The Realm Name System (RNS) aims to become a global alternative to DNS and all other blockchain-based naming systems.
Subrealms are names that follow a primary realm name, separated by dots, representing subcategories or products within an organizational hierarchy. They can be used to showcase NFT collections or other assets within a Realm. Subrealms can be individually owned and sold, or issued as separate tokens on the Bitcoin blockchain.
This update means ARC-20 tokens can now be used to pay for DMINT NFTs. Some community members have pointed out that Atomicals Protocol's recent updates precisely capture the "community's needs and excitement points."
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