BRC-20 Token Capitalization Surges to $143 Million in One Week

• From $17.5 million to $143.14 million
• The total number of tokens reached nearly 9,000
• Some crypto experts compare this standard to ERC-20 and point to huge prospects

According to Ordspace, the total token capitalization based on the BRC-20 standard has reached the $143.14 million mark. That’s up 817% from just one week ago, when the figure was $17.5 million.

Remind that the BRC-20 standard was created in early March. Its task is to simplify the issue and turnover of NFT in the Bitcoin network (Ordinals).

Analyst Dynamo DeFi noted that since its release, products derived from this standard have accounted for a 6% share of the total object activity on the network.

And judging by market statistics, that figure is growing. The capitalization of tokens based on BRC-20 increased by an impressive 817% in just one week.

This is what the top 3 “coins” look like:

Please note that the list includes PEPE. According to Coingecko, the asset was also in the top 3 memcoins and the top 100 of all cryptocurrencies.