🚀🚀 Bitcoin enthusiasts, buckle up! The need for Bitcoin scaling solutions is more pressing than ever. Binance's new research report, "The Future of Bitcoin," highlights this urgency. 📊

In 2022, Casey Rodarmor launched the Ordinals protocol, sparking the Bitcoin non-fungible token (NFT) hype cycle in 2023. This, along with the creation of the Bitcoin fungible token standard, BRC-20, and the Runes protocol, has attracted a new wave of Bitcoin users, traders, and builders. 🏗️💰

But with new protocols and projects come challenges. The influx of activity has led to a more congested mempool and higher transaction fees. From 2022 to 2023, the average Bitcoin transaction fee rose 175% from $1.5 to $4.2 and has further increased to $9 in 2024. 😱💸

As we aim for global mass adoption, these high transaction fees could become a significant hurdle. If 2% of the world's population were to make ten Bitcoin transactions per year, we could see up to 1.6 billion transactions! 🌍🔥

Binance insists that Bitcoin scalability solutions are necessary for true global mass adoption. Existing solutions like the Lightning network, RGB, Stacks, BounceBit, and Merlin are already in place. Let's see how the Bitcoin network evolves to handle this surge! 🌐🚀