The BRC20 token economy built on Bitcoin has experienced significant growth with over 10,000 additional coins added in just four days.
As of now, the largest market valuation in the BRC20 token realm is commanded by the ordi token, which stands at $342 million. Each ORDI is currently being traded at $16.31, although it may not hold the title of the highest-valued coin per unit.
The MEME token, valued at $94.68 per coin, and the OSHI token, valued at $477.50 per unit, surpass ORDI in individual worth. However, both MEME and OSHI have considerably smaller supplies compared to the abundance of ORDI , making them more scarce.In the world of BRC20 tokens, PUNK token boasts a value of $243 per coin, and the token called GOLD holds a trading price of $19.82 per unit.
The remaining BRC20 token markets observe trade volumes of $930,485 or even less during the same time frame. According toThe top nine BRC20 tokens by market cap according to data collected from the website brc-20.io on May 16, 2023, at 10:43 a.m. . Just like the spike in Ordinal inscriptions witnessed on May 7, a parallel surge in transaction fees for deploying, minting, and transferring BRC20s coincided with the Bitcoin network’s backlog of unconfirmed transactions. The frenzied BRC20 activity occurred on May 7 and 8, 2023.
Interestingly, BRC20s face a similar controversy, stemming from the fact that they emerge from the same technological foundations. Bitcoin maximalists vehemently oppose both Ordinal inscriptions and BRC20s, wishing to confine Bitcoin’s blockchain to solely financial transactions. However, the wider market seems to embrace the trend, demanding its continuation and growth.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Okx Introduces New Ordinals Marketplace Amid Bitcoin Inscription and BRC20 Buzz – Bitcoin News'We see the potential of Bitcoin to expand its use cases into areas previously dominated by Ethereum,' the executive at Okx said.
Read more »
Texas rep calls for Biden to 'surge' immigration judges to border: 'Get your day in court'Texas Rep. Tony Gonzales called for the Biden administration to 'surge' immigration judges as an alernative to releasing migrants crossing the border.
Read more »
Border chief says it's 'too early' to know if migrant surge has peaked | CNN PoliticsHomeland Security Secretary Alejandro Mayorkas said Sunday that it is 'too early' to know whether the surge in migrants at the US southern border has peaked since the expiration of Title 42 last week.
Read more »
Dogecoin Sees Massive Spike in Network Activity: What's Behind the Surge?Dogecoin, the internet-famous cryptocurrency, has seen a record-breaking surge in daily transactions, outstripping both Bitcoin and Litecoin
Read more »
Border crossings dip, but officials still preparing for big surgePandemic-era limits on asylum known as Title 42 have been rarely discussed among many of the tens of thousands of migrants massed on Mexico's border with the United States.
Read more »
Rangers surge past A's on 8-run eighth inningAdolis Garcia scored the go-ahead run on an error and added a grand slam to cap an eight-run eighth inning and lift the visiting Texas Rangers to an 11-3 victory over the Oakland Athletics on Sunday.
Read more »