In December 2022, the Ordinals protocol was born on Bitcoin, rekindling interest in assets issued on the Bitcoin chain. With the release of the BRC20 protocol on the Bitcoin chain in March 2023, the interest of currency users in issuing assets on the Bitcoin chain has been completely ignited.

These two innovative protocols not only expand the functions of Bitcoin, but also inject new vitality into the Bitcoin ecosystem. However, the performance limitations of the Bitcoin network quickly became a bottleneck for the development of Bitcoin Inscription, especially the constraints on the liquidity of Inscription assets, making the widespread application of Inscription assets facing challenges. Despite this, this challenge also provides opportunities for the diversified development of the Bitcoin ecosystem, inspiring innovations in cross-chain, Layer 2 solutions, DeFi and other aspects.