The BRC-20 token standard was designed specifically for the Bitcoin blockchain, and tokens such as RATS, SATS, and ORDI are all BRC-20 tokens. One of the key reasons for BRC-20’s popularity is that the token standard unlocks new capabilities for the Bitcoin blockchain when used in DeFi applications.​

Among BRC-20 tokens, RATS, SATS, and ORDI top the list in terms of weekly gains for token holders. Binance’s listing announcement could be one of the catalysts for the BRC-20 token’s rise.​

BRC-20 tokens with high returns this week: RATS, SATS, ORDI

While memecoins like Shiba Inu and BONK have made headlines over the past week for their massive returns, BRC-20 tokens RATS, SATS, and ORDI have brought profits to holders. These tokens fall under the controversial token standard, which some Bitcoin developers believe is a mistake as it leads to excessive network congestion in most cases.​

According to data from X (formerly Twitter) aggregator BRC20 Station, weekly gains for RATS and SATS were 610.6% and 329.9% respectively. While ORDI does not rank highly in terms of returns, the BRC-20 token has a higher market cap and trading volume relative to the other two tokens. ORDI generated 10% weekly gains for Binance traders.​

BRC20 continues to grow, proving that a lot of money is entering the BRC20 ecosystem.

Now, let’s explore the BRC20 tokens with the strongest growth over the past 7 days

ORDI is key to this list because during the first week of December, Ordinals was the first BRC-20 token to surpass $1 billion in market capitalization and provided holders with 850% monthly returns (as of December 6 days). RATS and SATS have been the focus of many discussions about Crypto X since Binance announced the listing of the latter two.

Binance announced the listing of the 1000RATS perpetual contract on its futures exchange and stated that the exchange will open spot trading of 1000SATS. Typically, listing a coin on a high-volume exchange like Binance or Coinbase will have a bullish impact on its price. This is known as the “Binance Effect” or “Coinbase Effect.”​

In the case of both BRC-20 tokens, the Binance Effect has pushed their prices higher, and these assets have become cryptocurrencies, bringing huge gains to the exchange Weixin 1521221721 cryptocurrency portfolio. According to TradingView, 1000SATS is currently trading at $0.0008086 on Binance, while ORDI is trading at $56.92.​

As cryptocurrency market participants de-risked ahead of major macroeconomic events over the past week, meme coins and BRC-20 tokens were among the brightest performers, enjoying both capital inflows and higher trading volumes.​

It remains to be seen whether gains from these assets are sustainable during the current cryptocurrency market cycle.