đą Total Market Cap of BRC-20 Tokens Nears $1 Billion
BRC-20 tokens are a new type of cryptocurrency that can be created and traded on the Bitcoin blockchain. They are inspired by the ERC-20 standard on Ethereum, but they use a different protocol called Ordinals to inscribe data on satoshis, the smallest unit of Bitcoin. BRC-20 tokens are fungible, meaning they can be exchanged for other tokens of the same type.
The BRC-20 market has grown rapidly since its launch in March 2023 by an anonymous developer named Domo. The first and most popular BRC-20 token is ORDI, which started as a meme but now has a market cap of over $500 million. Other BRC-20 tokens include VMPX, MEME, BANKBRC, and PEPEBRC, which have been listed on Gate.io, the first exchange to support BRC-20 trading.
