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press release PRESS RELEASE. May 10 2023 Victoria, Seychelles – Bitget, the top derivatives and copy trading platform, has announced the listing of the ORDI token in the newly launched BRC-20 zone and has also revealed plans to bring other promising BRC-20 tokens to its platform. In addition to ORDI,
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Increased fees and a backlog of transactions are besieging the Bitcoin (BTC) network and it’s due to a popular new “token” standard according to a CryptoQuant analyst.On May 9, Axel Adler Jr, an analyst with the crypto data firm, explained that BRC-20 memecoin minting on the BTC blockchain is causing
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On May 8, Litecoin executed more than 525,000 transactions in a day, coming close to Bitcoin’s 575,000 daily transactions, according to blockchain data from BitInfoCharts. It is five times the average number of transactions on the Litecoin blockchain compared to earlier this year and more than double the previous all-time
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On May 9, the total market capitalization of BRC-20 Bitcoin tokens surpassed $1 billion, with a total trading volume of $207.7 million in the past 24 hours. Some of the most notable deployed tokens include ORDI, NALS, VMPX, PEPE and MEME, with price variance of between +11% and -55% within the
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Lightning is not a panacea, and it is best suited for high frequency, small granularity payments – which certainly doesn’t satisfy all types of Bitcoin transactional demand. There’s more than just one way to move dollars around – we have wires, ACH, credit and debit networks, Fednow, physical cash, remittances,
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The effects of the BRC-20 mints range from halting of bitcoin withdrawals on Binance to frustration with the sudden high costs of making bitcoin payments in places like Africa and South America. Source
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Summary: The average cost of sending a single transaction on Bitcoin’s blockchain soared to almost $20, its highest point since April 2021.It seems that increased demand for BTC blockchain space was triggered by heightened activity on the Ordinals protocol and tokens issued using the BRC-20 standard.Binance was forced to halt
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Four days ago, the market capitalization of all the BRC20 tokens built on top of the Bitcoin network was a modest $95 million. However, over the past four days, the BRC20 market valuation has seen tremendous growth, increasing by 192% and reaching $279 million. More Than 13,000 BRC20 Tokens Built
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As of May 3, 2023, the Bitcoin blockchain has witnessed a staggering 3.35 million Ordinal inscriptions, and a new experimental token standard known as “Bitcoin Request for Comment,” or BRC20, has garnered substantial attention in the past week. With 10,487 BRC20 tokens built using Ordinals and a swelling market capitalization
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Bitcoin’s BRC-20 token standard has become the latest trend in the crypto ecosystem, especially after the Pepe (PEPE) memecoin rise in recent months. A total of 8,500 different tokens have been minted using the BRC-20 standard, with the majority of these BRC-20 tokens being memecoins, such as PEPE and Memetic
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