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Daily BTC Ecosystem News Explosion - Thanks to Ordinals World @OrdzWorld for the great content!
● Fractal mainnet is launched, computing power increased significantly
● Merlin releases first half report
● Bitmap in-depth report, BitmapGame Easter Egg Event 100,000 u airdrop
Ordinals Inscription Plate:
● BTC Ecosystem In-depth Report: Bitmap
1. Bitmap Protocol Development Bitmap is a decentralized, VC-free pre-sale project dedicated to the infrastructure construction of the Bitcoin ecosystem. Since July, the Bitmap protocol @blockamoto has launched the ATLAS operating system to support the development of the on-chain Internet, allowing users to build permanent assets such as virtual real estate and billboards on the Bitcoin chain through inscriptions, block numbers, etc. Its core functions include a launcher and browser, enabling users to create and update on-chain data and promote the development of the Bitcoin metaverse.
2. Data and Market Performance As of 2024, Bitmap's market value reached 28 million US dollars, and the number of addresses holding the currency exceeded 40,000. Although the price fell by more than 90% in the bear market, the community activity remained stable. In particular, since February 2024, Bitmap has supported cross-chain staking, which has driven an increase in trading volume.
3. The dispute between Bitmap and DMT The DMT theory (digital material theory) believes that the data on Bitcoin can be reused and generate value. Although DMT was inspired by Bitmap, the two communities have differences in the positioning of the underlying protocol. The Bitmap community believes that it is a lower-level protocol that can include DMT.
4. Bitmap Ecosystem Projects The Bitmap ecosystem includes a large number of decentralized projects, which are divided into two ways of playing: directly holding Bitmap NFTs and investing in ecological projects. Core projects include: - Bitmap game@BitmapTech: a metaverse platform that supports social, mining and NFT staking - Bitmap land: allows users to build their own virtual world to showcase projects or culture - Foxxi Bitverse: a metaverse shooting game based on the Tap protocol - PatoshiPunks: a hand-painted PFP series, which has established a metaverse experience on Bitmapland
5. Current issues and future development Currently, Bitmap has problems such as lack of organization, inconsistent standards, and lack of a unified entry. In the future, we should establish a DAO organization, unify standards and entry points, improve the coordination and scale effect of the ecosystem, and promote the sustainable development of the Bitmap ecosystem. A rare article that systematically introduces Bitmap recently, with more data and details in the original text. by @wu_xianbin
Runes
● Top Runes interface upgrade, new top rune filter. Filter by market cap, volume, traders, and holders. Quickly filter to find the next rune. @MEonBTC
● Pups formally standardizes to Rune.
Holders of BRC-20 tokens can migrate to Runes using OrdKit (directly on Bitcoin). Holders of wrapped BRC-20 tokens on Solana can migrate to wrapped Runes using RuneMine (directly on Solana). Deadline is November 5, 2024, which is about 2 months.
BRC20 Section:
● $Sats $Ordi performed strongly, maintaining a market cap of over $500 million even during market corrections.
● Once Brc-20 is activated on block 21000, users will be able to seamlessly swap Fractal via PizzaSwap @fractal_bitcoin
Brc-20 assets. Using the Brc-20 standard, BTC can also be bridged to Fractal and back. Fractal is ready to bring native Bitcoin assets into the Fractal ecosystem.
ARC20 Section:
● The origin of Runes is because Casey references Atomicals.
This friend may have said something a bit too radical, as Casey himself said. Mempool founder mononfat also responded to this, which can be clearly seen on the chain.
BTC L2/Staking/Sidechain Section:
● The first phase of Bitmap’s Easter egg event will include an airdrop of BTC worth US$100,000.
@BitmapTech will airdrop BTC worth 100,000 USD to all those who participate in the event with BitmapToken and MERL. 1. For participating in the first phase of the event, we will give you a reward of 110% (first loss) + 200% (daily loss) for your BitmapToken loss. This is free money at 0 cost. 2. If you invest MERL in the pool, you will receive the income of all users consuming BitmapToken every second, and you can eat rewards/receive the income of the pool at the same time. 3. Wait until 9/19 to airdrop to all participants, a total of 100,000 USD. Jeff added: This is only the first phase of Bitmap (4.2 million BitmapToken and 100,000 u), and Bitmap will have 7 phases in the next two months. Other airdrops in the Merlin ecosystem are also incoming...)
● According to Merlin’s first half report, Merlin Chain will become Bitcoin’s largest Layer 2 in 2024.
Market performance: Merlin Chain @MerlinLayer2 @BitmapTech became the largest Layer 2 of Bitcoin in 2024. Six months after the mainnet was launched, the total value locked (TVL) reached US$1.2 billion, with 1.9 million independent addresses and 12.7 million transactions, and the market activity is extremely high.
Funding and Asset Management: TVL has grown rapidly to $1.2 billion, and M-BTC’s market value has reached $1.2 billion, demonstrating strong community drive and market demand.
Bitcoin native asset support: By supporting BITMAP, BRC-20, etc., the trading volume of Bitcoin native assets is close to US$2 billion and the liquidity reaches US$78 million.
Major Bitcoin Liquidity Hub: Cross-chain bridging $16 billion of Bitcoin, supporting spot, perpetual contracts and cross-chain yield generation, with a total trading volume of over $1 billion.
dApp ecology: It has attracted more than 200 dApps, covering BTCFi, DeFi, Metaverse and other fields, promoting the development of Bitcoin ecology.
Token economic model: $MERL tokens adopt a fair distribution model, 20% of the tokens are allocated to the community, and the release will be gradually reduced in the next two years to ensure long-term stable growth. In general, Merlin Chain has made breakthrough progress in the first half of the year, and will continue to expand users and ecosystems in the future and maintain strong development.
● Dotswap will soon support $FB transactions.
● MerlinSwap offers Zoomdog rug healing pack
Anyone who holds 1 $MP or 1 $MERL during the event can fill out the application form. by @MerlinSwap
Other/Early/Airdrop Sections:
● SpiderPool mined the first block.
● Mint @FracTokenMiner has been started.
Total Supply: 3333
Mint Price: Free (It is not actually possible to set the mint price to 0.00000 on Ordzaar, so it is set to 0.0000069)
BTC Events/Data Section:
● ETF net outflow on Thursday, September 5 was $203 million. Total cumulative inflow was $20.215 billion.
● Japan’s largest electric power company, Tokyo Electric Power, is using surplus energy to mine #Bitcoin.
● Michael Saylor on CNBC says#Bitcoinwill get $13M.
9/9 Market price change section:
● Ordinals Collection
@OrdinalMaxiBiz: 0.153BTC
@lepuppeteerfou: 0.008BTC
@ninjalerts: 0.14BTC
@nodemonkes: 0.125BTC
@QuantumCatsXYZ: 0.234BTC
@BitcoinFrogs: 0.033BTC
@blockamoto: 0.00055BTC
@goosinals: 0.0034BTC
● BRC20 Inscription
$ORDI: $28.2
$ETHS: $0.95
$SATS: $0.00000031
$RATS: $0.00010
$PIZZA: $4.08
Up 1% from yesterday, total market value 1.69 billion
● ARC20 Atom
$ATOM: $0.95
$QUARK: $0.00130
$SOPHON: $0.001
$ELECTRON: $0.0037
$INFINITY: $0.001
Down 2% from yesterday, total market value 49 million
● Runes
$DOG: $0.00026
$RSIC: $0.0026
$PUPS: $0.041
$BILLY: $0.011
$LOBO: $0.00063
Down 0.5% from yesterday, total market value 642 million
● L2 Layer 2
$MERL: $0.232
Up 6% from yesterday, total market value 84 million
OW @OrdzWorld organizes the latest and key information of the BTC ecosystem every day. The Ordinals World (OW) team is based in Singapore and has made strategic layouts in multiple Web3 fields, focusing on the BTC ecosystem as well as L2, Defi, Gamefi, AI, Metaverse and other fields.
Xverse is the preferred wallet for the Bitcoin ecosystem, providing a smooth asset management experience and supporting assets such as Runes/Ordinals/BRC20/Rare Satoshi/STX. @Xverse_CN
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