In 2023, the Bitcoin ecosystem entered a stage of explosive development. The birth of the Ordinals protocol was the biggest contributor. The BRC20 inscriptions ordi, rats, and sats based on this protocol soared to the sky, becoming the biggest gold mine in 23 years, and the inscriptions were hot.
The popularity of brc20 inscriptions was something that no one had anticipated. With the surge in the prices of several leading inscriptions, a huge stone was thrown into the already passionless market, and the passion was surging. With the arrival of this large wave of traffic, the first bull market that everyone is looking forward to is coming towards us. The popularity of inscriptions is inseparable from the active deployment of web3 wallets by exchanges such as Binance and OKX, which provides a basic highway for the accelerated growth of the inscription market.