- A total of 14,079 tokens were issued
- This surge has been attributed to the popularity of memes
The total capitalization of tokens based on the BRC-20 standard has almost reached the $1 billion mark. In doing so, 14,079 tokens were mined on the bitcoin blockchain.
The BRC-20 standard was created in March of this year. His idea is to create an NFT using the Ordinals protocol. The number of NFT Ordinals exceeded 1 million after the standard’s release.
Nearly BRC-20 token capitalization increased 800% in just seven days, from $17.5 million to $143.14 million.. Then the total number of tokens reached almost 9,000.
The top BRC-20 tokens with the largest capitalization:
Memcoin Ordi leads in the BRC-20 category. After jumping 22,500% from $0.11 to $25, its capitalization exceeded $500 million.
Second place goes to the well-known PEPE. At the moment, its capitalization reached $1 billion.. You can read more about the token in our story.
Interlay Labs announced a new project yesterday, May 7. The company is developing a new token standard – BRC-21.
Its special feature is to support translations in the Lightning Network ecosystem.
The essence of the project is the deployment of decentralized stabelcoins in the Lightning ecosystem. It is developed on the basis of BRC-20 with some modifications.