The Bitcoin ecosystem was once one of the most promising ecosystems in this bull market, with a total market capitalization expected to reach the hundred billion dollar level.
However, since the end of the engraving boom from the end of 2023 to the beginning of 2024, the Bitcoin ecosystem has slowly entered a bear market, with a sharp decline in new users and funds. Although subsequently Rune, the 5-character BRC-20 token pizza, the Fractal ecosystem, and CAT-20 have all brought some attention and extended the life of the Bitcoin ecosystem, the scale has never matched the earlier engraving craze across the entire network.
On one hand, the price of Bitcoin continues to rise and set new highs, with $100,000 seemingly within reach;
On the other hand, the gradual prosperity of the Solana ecosystem and other ecosystems (such as Base, Sui, etc.). When will the winds of the bull market blow towards the Bitcoin ecosystem? Odaily Planet Daily will outline some signs that the Bitcoin ecosystem is about to explode again in this article.
Top exchanges support the development of the Bitcoin ecosystem
For the ecosystem, the support of leading centralized exchanges is crucial, which means huge traffic, new funds, and some potential development resources. Recently, users have mainly focused on which Solana memes Binance will list, but in fact, Binance has been supporting the development of the Bitcoin ecosystem all along.
In the previous engraving bull market, Binance actively listed BRC-20 token ORDI, SATS spot trading, and RATS contract trading one after another. Subsequently, other excellent asset protocols such as Rune, Atomical, and CAT-20 gradually emerged from the Bitcoin ecosystem, all of which are expected to receive support from Binance.
Especially on November 18, Binance Pool announced support for Fractal Bitcoin, and OKX Wallet also became the most used wallet in the Bitcoin ecosystem.
Since November, OKX's Chinese official Twitter has frequently mentioned the Bitcoin ecosystem. On November 11, when Bitcoin hit a historic high, OKX mentioned that "the BTC ecosystem is also thriving," with images basically covering all tracks and protocols of the Bitcoin ecosystem.
The engraving sector is about to explode, brothers should get on board.
