The BTC ETF approval is on the horizon—a game-changer fueled by growing adoption in the BRC20 ecosystem.

But here's the catch: its impact is confined to the DeFi market.

To overcome this limitation, we need a cross-chain protocol.

Let's dive into the solution.

BRC 20 tokens are known for being an experimental token standard on the Bitcoin Blockchain

➬ with the use of ordinals to encode and decode data (e.g., texts, images) into the Bitcoin blockchain.

However, it has a lot of limitations when compared to other token standards.

Developers can only inscribe/mint tokens into existence while simultaneously transferring assets.

➬ No integration of proper DeFi infrastructure based on its architectural design.

◢ Introducing:

@OrdBridge solution while not being the first, makes it possible for BRC20 liquidity to flow into other chains integrated, likes of ETH, SOL, AVAX and by far are live on 6 chains

➬ With that being said, let's take a further look into its key functionalities.

It is the first-ever bridge enabling users to transfer BRC-20 tokens from the BTC native chain to the Ethereum chain and vice versa.

With an innovative and permissionless ‘two-way bridge’ that revolutionizes the transfer of BRC-20 tokens across multiple chains.

◢ Development Intent:

➤ To enable seamless cross-chain movement of BRC-20 tokens across all chains for flexibility

➤ Provision of deep liquidity to otherwise illiquid market of BRC-20 tokens.

➤ Paving gateway for unfamiliar users of BRC20.

One of the key features that set them apart from other bridges like Multibit_Bridge is illustrated in the below image.

So far it has processed over $28.7M in volume with its native token currently trading for $0.082 and a market cap of $8.2M since launch

The protocol was free for the first month to participate in protocol activities but to enhance flexibility in Staking and more rewarding longevity.

This is the new revenue model:

☞ LP fees of about 1% of swap as LP fees go into the treasury

☞ Bridges from BRC to any Chain — 0.5% of BRC20 tokens bridged

☞ Bridges from non-BRC to any Chain — A flat fee of 0.02 ETH

Keep in mind that part of the fees = revenue while some are used for protocol development in the long run

This makes them more sustainable✅.

◢ Milestone:

OrdBridge recently integrated Solana into its ecosystem making BRC 20 accessible to the chain.

Partnership with multiple ecosystems including @OrdiMiner

to make the BRC ecosystem safe and secure.

And lastly, they recently deployed more liquidity on Sol.

◢ Tokenomics:

They possess an indigenous token, $BRGE, on the BTC chain and $wBRGE on the ETH chain.

These tokens enable holders to participate in protocol revenue, earning tangible yields.

Personally,

I'm optimistic about the future of cross-chain bridges,

☞ foreseeing their potential to broaden not only within the BRC20 but also to incorporate various tokens into other ecosystems.

It is never too late to check them out.

credit: SherifDefi