BRC-20 tokens surpass $1B market cap as wallet providers prepare integration

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 past day.of fungible token that"employs Ordinals and Inscriptions to create and manage token contracts, token minting, and token transfers, which are stored on the Bitcoin base chain.

The BRC-20 token standard was developed by Twitter user domodata on March 8. Currently, there are over 14,000 BRC-20 tokens deployed on Bitcoin compared to an estimated 400 million tokens on Ethereum. Despite its traction, BitKeep researchers wrote,"BRC-20's creator has openly stated that the standard is worthless and that users should not waste money mass minting this fun experiment."1. These will be worthless. Please do not waste money mass minting.

2. Due to how some inscription tools are set up, the 'balance' may be minted to the intermediary address used in

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.

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Bitcoin-based BRC-20 tokens push combined market value over $900MTokens created on Bitcoin through the Ordinals protocol have exceeded a total market value of $900 million, highlighting the rapid rise of an emerging asset niche.
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Total Market Cap of BRC-20 Tokens Nears $1 Billion | CoinMarketCapCryptoNews: BRC20 tokens are a new type of cryptocurrency that can be created and traded on the Bitcoin blockchain. 👀
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