Recently, Solana has led Avalanche, NEAR and other layer 1 public chains to dominate the market, and the market has heard voices of killing Ethereum. Indeed, ETH Killer was the trump card narrative held by most public chains in the last bull market.However, at a time when EVM dominates the market and layer2 has not yet exploded, narratives such as MEME and DePin alone are not enough to shake ETH's market position. This is just a short-lived carnival of Alt-Layer1 before the Cancun upgrade. Why?1. The narrative that major public chains are competing to kill Ethereum has been fully verified as "failed" by a round of bull-bear cycles. On the surface, this is due to Ethereum's strong market consensus, the innovative power of the developer group, and the magic of the infinite combination of DeFi and NFT financial applications.

The Solana ecosystem has been in the spotlight recently. The rise and popularity of projects such as Inscription NFT, Depin, and MeMe have made it compete with the Bitcoin ecosystem, which has continued to be hot recently, and is far more popular than other public chains such as Ethereum. As a public chain that was once deeply bound to the FTX platform, the price once fell to single digits after the FTX thunderstorm. After nearly a year of dormancy, the price of Solana has been rising and has now climbed to 97 US dollars. Moreover, in addition to the increase in tokens, a number of new projects with very good performance have emerged in the Solana ecosystem, which is really eye-catching. The Solana ecosystem, which was once hit hard by the FTX thunderstorm, has become a hot spot in the market recently. So, in addition to these dark horses that have already performed well, what other potential projects are there? Let’s take stock together. 01 Overall overview of Solana ecosystem According to the latest data from DeFiLlama, the current TVL of Solana ecosystem is about one billion US dollars, ranking fifth among all public chains after Ethereum, Tron, BSC, and Arbitrum. Solana ecological TVL, Solana price and entire chain revenue trend chart, data source: DeFiLlamaFTX Before and after the thunderstorm, Solana ecological TVL fell from nearly 1 billion US dollars to 300 million US dollars, and Solana price also fell from 32U to a low of 14U. Nearly a year later, TVL has now exceeded the level before the FTX thunderstorm, and the token has risen sharply, exceeding $97. Judging from Solana’s TVL, Token price and the income change trend of the entire chain in the figure above, the growth of Token price far exceeds the growth trend of TVL, and the growth of the income level of the entire chain exceeds the Token price. increase. Of course, the current daily income on the Solana chain is not high, only tens of thousands of dollars, and the absolute data is not very referenceable. However, compared with Ethereum, TRON, BSC and Arbitrum, which rank at the top of TVL, they show a very good growth trend. Number of developers in each public chain ecosystem, data source: developerreport.com Developers are the foundation for the development of a public chain ecosystem. Currently, there are only a small number of developers in the Solana ecosystem. There are 946 full-time and part-time developers in total, ranking first among all public chains. Fifth, the number of developers in the Bitcoin ecosystem is not much different. As for the number of ecological projects, although there are many Solana ecological hot projects that have popped up in recent months, judging from the total number of projects, there are not many Solana ecological projects.Currently, DeFiLlama has 104 included, which is far lower than the top five TVL Ethereum, BSC, and Arbitrum, and also lower than the ecosystems such as Avalanche, OP, and Polygon, which have fewer TVLs. However, there are many dark horses that have emerged recently. It can be said that , in terms of project quality, Solana ecology is still remarkable. 02 Staking Agreement According to Staking rewards data statistics, the total pledged amount of Solana has reached 400 million. Based on the current price, the total pledged amount is estimated to be about 28 billion US dollars, accounting for more than 71.4% of Solana’s total market value. Compared with Ethereum's 23.7% pledge ratio, Solana's pledge ratio is indeed very high, not only far exceeding Ethereum, but also exceeding most public chains. Therefore, there are many staking projects on Solana. Four of the top ten projects on TVL are liquidity staking protocols. An overview of the changing trends in Solana Ecological Staking Agreement market share, data source: Dune@ilemi Among them, Marinade Finance is the leader in Solana Ecological Liquidity Staking Track, and is also the No. 1 project in Solana Ecological TVL. As a veteran project launched in 2021, it occupies the first place. Advantages, however, it is not difficult to see from the Solana ecological pledge protocol market share change chart above that the current market share of Marinade Finance (its pledge token is msol) is constantly being eroded. Jito is a dark horse that has performed very well recently, and its staking share has seen a very steep growth trend in the past year. Jito is the first staking protocol in the Solana ecosystem to allocate MEV rewards to users. Users can mortgage Solana in exchange for JitoSolana, and JitoSolana can help users obtain staking rewards and MEV rewards at the same time. Starting in October, Jito's staking data began to grow explosively, and now its staking TVL is not much different from that of Marinade Fiance, which ranks first. At the end of November, its governance token was listed on Coinbase and Binance at the same time, and it gained momentum after being launched online. Ranked third is Blaze Stake, whose pledge token is bSOLl and will be launched in May 2022. Thanks to the overall explosion of the Solana ecosystem, Blaze's token has also surged several times in recent months. In addition to these star staking protocols, the Solana ecosystem also has some relatively innovative staking protocols for unissued tokens. The recent growth has also been very rapid, and its Airdrop is expected to attract a lot of attention.03 DepinDepin (decentralized infrastructure network) is a hot track recently. Based on Solana’s advantages of high speed and low fees, the current Depin of Solana ecology has covered decentralized physical infrastructure, AI computing power, maps, IOA services, etc. Multiple subdivisions. A number of projects with outstanding performance include Helium, Mobile, Hivemapper, DIMO, RNDR, etc. Among them, Helium is the pioneer project of the Depin track and is currently the leader of the Solana ecological Depin track. Helium was founded in 2013. It is a distributed IoT project. It initially used its own Layer 1 network and later moved to the Solana ecosystem considering EVM compatibility and TPS. Currently, Helium's IOT ecosystem is very mature compared to others. The recently popular Depin project Mobile is Helium's ecological project, with an increase of more than 16 times in the past month. Hivemapper and DIMO are both decentralized map projects that use tokens to encourage users to provide driving map data. Currently, both have launched tokens. As a peer-to-peer rendering computing power matching AI platform, RNDR can be regarded as a star project recognized in the industry this year. With the rise of the AI ​​​​track, the market value of RNDR, as a representative project of the AI ​​​​track, has been rising. The current circulating market value has reached 1.6 billion US dollars. At the same time, it has hit the recently popular Depin track. In addition, it has recently announced its expansion from Polygon to the Solana network. The heat is also very good. 04 NFT and inscriptions and other recent inscriptions and NFTs in Solana Ecosystem have also attracted much attention. The two head inscription projects - SOLs and Lamp are developing well. As the leader of the inscription project on the Solana chain, SOLs created a legend of five times the value in a day after listing CEX. It was very popular for a while. Although there has been a correction recently, overall the popularity is still good. Lamp is also gaining momentum. As the smallest unit of Solana, the name Lamp also carries the MeMe attribute like Sats. The current floor price of Lamp is 1.66solana, and the number of addresses it holds exceeds 5,200. In addition to inscriptions, NFTs in the Solana ecosystem have been very popular recently. The leading NFT that has emerged in recent months is Mad Lads. Mad Lads is launched by Solana’s framework development company Coral and is issued using its own wallet Backpack. Its advantage is that Mad Lads is in the form of xNFT. In the future, DeFi, GameFi, etc. can be directly operated through xNFT, which completely opens up the imagination of Mad Lads.At present, the floor price of Mad Lads has exceeded 200 sol, and it is likely to become a "boring ape" in the Solana ecosystem. In addition to Mad lads, many popular NFT projects have emerged in the Solana ecosystem in recent days, such as Open Solmap, which competes with Bitmap. It currently has more than 18,000 holders, and its 24-hour transaction volume exceeds 50,000 SOL, ranking firmly among Solana's Ecological NFT trading tops the list. And Saga, which ranks second in 24-hour trading volume (as of December 21), is known as the "red box". In just a few hours, the floor price rose from 0.3 SOL to over 14 SOL, and is currently back to 5 SOL is around, which shows the degree of enthusiasm and FOMO of Solana ecological NFT. 05 MeMe Speaking of MeMe, in addition to the inscriptions on major chains, the two most popular MeMes on the market recently are both from the Solana ecosystem, one is BONK and the other is Silly. As the first MeMe in the Solana ecosystem, BONK has caused a sensation in the market with an increase of more than 50 times in the past two months. BONK is the first MeMe based on the Shiba Inu in the Solana ecosystem. The Airdrop last Christmas attracted attention from the Solana community. It really brought new vitality and confidence to the entire ecosystem when FXT was experiencing thunder. In the Solana blockchain mobile phone Saga released in May this year, the mobile phone priced at 599 included 30 million BONK as gifts. At the peak of BONK, the value was far more than the mobile phone. This led to a surge in sales of the once unsalable Saga mobile phone... However, Bonk The popularity has faded recently, giving way to the new MeMe Silly of Solana ecology. Silly originated from the "dragon-shaped" clothing worn by Solana co-founder Toly at a conference, coupled with the concept of the Year of the Dragon, the MeMe Silly Dragon quickly became popular, with an increase of more than ten times in three days, which made people lament this market. The power of FOMO is powerful. 06 The four major DeFi oracles, Pyth network, are the recent star projects of the Solana ecosystem. For a long time, when it comes to oracles, what everyone thinks of is Chainlink. The Pyth network has indeed added some fresh blood to the oracle track. Pyth network mainly provides data for smart contract Dapps by obtaining data from top trading platforms, market makers and financial service providers. Currently, Pyth is connected to more than 90 data sources such as CBOE, Binance, OKX, Bybit, etc., and has supported 230 Multiple Dapps are a rare recent implementation case on the oracle machine track. In addition to the oracle machine Pyth network, the performance of the borrowing protocol MarginFi in the past year has also been very eye-catching.MarginFi is currently the largest lending protocol in the Solana ecosystem, with TVL exceeding US$300 million, second only to the two leading staking protocols, Marinade Finance and Jito. MarginFi launched a points system in July to reward users for their deposits, loans, recommendations, etc. Since its launch, TVL has taken off. TVL has increased hundreds of times in just six months, becoming one of the fastest growing TVL Dapps in the Solana ecosystem. Moreover, MarginFi has not yet issued a token. In view of the recent cases of Solana ecology repeatedly making a fortune, MarginFi is indeed worth looking forward to. In addition, TVL’s loan agreement Kamino, which is second only to MarginFi, has recently attracted market attention due to the news of its upcoming Airdrop. Kamino is also one of the fastest-growing DeFi protocols in the Solana ecosystem. After its launch in September last year, its TVL has reached US$1.4 billion. Solend used to be the leader in Solana ecological borrowing. After suffering a cliff-like plunge of more than 90% of TVL in the FTX incident, it is slowly recovering and TVL has returned to US$150 million. Especially after the launch of the points system in August, TVL and token prices All started to recover rapidly. DEXOrca and Raydium are both native DEXs on Solana. The TVL of both once exceeded US$1 billion at their peak, and Raydium even exceeded US$2 billion. However, under this round of bear market and the heavy blow of FTX, the TVL of both has declined. A cliff-like fall. Currently, Orca TVL is US$160 million, and Raydium is only about half of Orca TVL. Orca is the only DEX in the Solana ecosystem that has a pure automatic market maker (AMM), which provides users with a better trading experience. As Raydium, which was launched at about the same time, the Serum protocol, which shared liquidity with it during the FTX thunderstorm, suffered heavy losses, and it seems that its recovery is not as good as Orca's at present. At present, DEX in the Solana ecosystem has not performed much in this wave of Solana ecological craze, except for the DEX aggregator Jupiter, which attracted market attention due to its first batch of Airdrop investments in November. Other Solana ecology has always used high-speed chains as a breakthrough to compete with public chains. Derivatives Dapp is obviously the application with the strongest demand for high-speed and low fees in the current encryption industry. GMX, which was born in the Arbitrum ecosystem, the leader of Ethereum's Layer 2, is the best example. However, it is a pity that there has never been a dark horse derivatives agreement in the Solana ecosystem. Among the current derivatives, Drift’s TVL performance is relatively impressive. The FTX thunderstorm incident did not have much impact. TVL has increased hundreds of times in the past year. In addition, the Token has not been released yet, and Airdrop is expected to attract a lot of attention.07 Summary In short, the recent bull market, from the inscription craze transmitted from the Bitcoin ecosystem to other public chains, to the rise of Bitcoin ecological infrastructure, as well as Depin, NFT, MeMe, infrastructure, etc. in the Solana ecosystem, market enthusiasm and FOMO sentiment It is still going on, and it has also added many rich stories to the entire market. The rise and explosion of the Bitcoin ecosystem is no surprise. After all, as the leader of the crypto industry, large amounts of capital liquidity expectations and various technological innovations will naturally bring about ecological prosperity. But the outbreak of the Solana ecosystem did bring a lot of surprises. After all, the FTX thunderstorm caused heavy damage to the liquidity of many important projects in the Solana ecosystem. It was able to recover quickly in just one year, which demonstrated the strength of the Solana ecosystem with practical actions. Vitality and resilience. Recently, the term "Ethereum killer" has slowly begun to appear again. During the long bear market, people who once thought that Ethereum had seized all opportunities in the public chain began to look forward to the "killers" again.

Solana’s native token, SOL, rose 13.8% on December 20, topping $82 for the first time since May 2022. A 33.5% rise over the past two weeks has resulted in SOL’s market capitalization surpassing XRP for the first time, making SOL the fourth largest cryptocurrency excluding stablecoins. Will Solana replace Ethereum’s lead? Notably, some analysts now question whether Ethereum can maintain its lead, given that the Solana network offers cheaper and faster transactions. A post by Trader Evanss6 on Whether the underlying asset is a non-sovereign currency competitor”. Essentially, Solana’s user experience outperforms its competitors, especially for token and non-fungible token (NFT) launches, whether a project requires high processing power or simply benefits from low transaction costs. This price increase has several factors coming together, from an increase in network activity to the immediate success of Solana’s SPL token launch. However, a more comprehensive analysis is needed to determine whether current valuations are justified and whether a rally above $100 is truly possible. The current rise in SOL prices is partially supported by the airdrop frenzy that has resulted in Solana's Saga phones being completely sold out and trading at a premium on the secondary market. Solana came to attention on December 7, when the major centralized exchange listed the newly launched SPL token JITO, the Jito Liquid Staking Protocol token inspired by Ethereum’s Lido. Jito’s airdrop generated impressive profits within the first few hours of trading, with its market capitalization exceeding $300 million within the first few hours of trading. The successful debut on Coinbase and Binance drove demand for other airdrops and token launches on the Solana network. As for Solana’s Saga phone, a turning point occurred when memecoin BONK was listed on the Coinbase exchange on December 14. Each phone received 30 million BONK, exceeding the product's $599 price tag. Interestingly, even though Solana's founders mentioned that the phone project might be on the way out just two weeks ago, other projects have joined the party.SOL’s rise is supported by increased DApp activity SOL’s recent rise extends beyond memecoins, as evidenced by the Solana network’s growth in decentralized applications (DApps). Just three weeks ago, on November 29, Solana’s total value locked (TVL) was just $654 million, accounting for just 1.4% of the market. This has now grown to $1.28 billion, a 96% increase, according to DefiLlama. The surge in staking on the Solana network has been accompanied by an increase in activity on its decentralized applications. Top blockchains by number of DApps in the past 7 days. Source: DappRadar It is worth noting that Solana’s network volume growth exceeds that of its main competitors. Likewise, the number of unique active addresses interacting with Solana’s DApp grew to an impressive 875,250, while most competing blockchains saw declines over the same seven-day period. One could argue that Solana’s recent surge in activity is largely due to anticipation of upcoming airdrops and token offerings, including Bonkwifhat (BIF), Ribbit (RBT), Jupiter (JUP), Meow Coin (MEOW), Phantom, Kamino , Drift et al. However, by attracting more users and increasing TVL, the Solana network is solidifying its position and attracting promising projects that can further establish its position in the DApp industry. For example, leading hardware wallet provider Trezor announced support for Solana and its SPL token on December 20. Additionally, Binance Research published an optimistic report on parallel computing on the same day to improve blockchain throughput “through more efficient use of computing resources.” The report specifically cites Solana as an example of parallel computing. Essentially, the potential for SOL to rise to $100 seems feasible, given that Solana’s network activity growth appears to be sustainable and not solely reliant on a handful of airdrops and token issuances. That’s all for today’s article. I am a crypto veteran, an old leek who sincerely wishes you all to get rich in the currency circle!

1. What is cryptocurrency ownership? The process of locking a cryptocurrency token or tokens for a predetermined period of time before allowing token holders full access or transfer is called crypto vesting. It is commonly used for initial coin offerings (ICOs), token sales, and other cryptocurrency-related fundraising events. Cryptocurrency vesting is designed to incentivize long-term dedication and discourage early investors or team members from rushing to sell their tokens for a profit and then leave the business. The person or entity who acquires the tokens gradually gains access to the tokens over time. While vesting schedules can vary, they typically include a waiting period (called a cliff) followed by a periodic release period. For example, tokens might have a one-year waiting period and then be offered in equal monthly payments. Vesting typically applies to: Teams and Advisors: To ensure that team members and advisors remain committed to the project, tokens given to project developers may require vesting. Investors: Early investors in an ICO or token sale may also be subject to vesting periods to discourage short-term speculation. Founders: In order to align their interests with the long-term performance of the project, the founders or core team members of the project may receive their tokens. Typically, tokens are unlocked through various methods after a vesting period. During this process, tokens that were previously locked for a predetermined period of time will be released. Token holders can gradually access their assets over time thanks to this unlocking, which is usually done in phases or increments. Release conditions may include meeting milestones, time-based timelines, or achieving performance metrics. 2. Types of Cryptocurrency Vesting The different types of vesting in the crypto space include time-based, milestone-based, hybrid and reverse vesting. Time-based vesting With time-based vesting, tokens are gradually released to holders within a set period of time. For example, Ethereum implemented a time-based vesting system for its early supporters. Multiple publicly accessible smart contracts can be gradually vested with ERC-20 tokens, such as those allocated to founders in a crowdsale. Still, there is no equivalent way to attribute "original" Ethereum.Raw Ethereum generally refers to the native cryptocurrency with unchanged state on the Ethereum blockchain. Unlike Ethereum representations on other blockchains, such as wrapped Ethereum or ERC-20 tokens on the Ethereum network. Milestone-Based Vesting With milestone-based vesting, token distribution is contingent on achieving specific project goals or benchmarks. Some blockchain projects may implement attribution systems based on milestones for their partners and team members. For example, a certain percentage of allocated tokens could be allocated upon successful implementation of a specific feature, successful completion of a protocol update, or other noteworthy project milestones. Hybrid Vesting Hybrid vesting combines elements of time-based and milestone-based vesting. Blockchain projects often use a hybrid vesting model for token distribution. A portion of the tokens allocated to the team and initial backers follow a time-based vesting schedule, gradually unlocking over a set period of time. At the same time, another part is related to the achievement of the project's scheduled milestones. This dual approach ensures alignment with project goals and recognizes long-term commitment and successful milestones. Reverse Vesting Under the concept of “reverse vesting,” tokens originally owned by the recipient may be forfeited if certain requirements are not met—the opposite of typical vesting. Mining rewards are distributed according to a schedule that promotes long-term network consistency: 25% of block rewards are released immediately to improve miner cash flow, and 75% of block rewards gradually vest over 180 days. The Protocol Labs team and Filecoin Foundation will receive additional Filecoin (FIL) tokens over six years, while SAFT investors will receive their tokens over three years. 3. Cryptocurrency vesting versus traditional financial vesting models While cryptocurrency vesting utilizes blockchain technology to achieve transparency and automation, traditional financial vesting relies on centralized management to achieve similar goals within a traditional corporate framework. Cryptocurrency attribution models share similarities with traditional financial attribution models, but also exhibit unique characteristics due to the unique nature of blockchain-based assets. In the cryptocurrency world, vesting is typically done through blockchain-based smart contracts that provide automated and transparent enforcement of vesting rules.Aligning the interests of token holders such as investors, advisors, and project teams with the long-term growth and success of the project is the primary goal of cryptocurrency attribution. In traditional finance, equity-based compensation plans, such as stock options and restricted stock units (RSUs), are often tied to vesting. While traditional vesting methods are typically managed by businesses and financial institutions through centralized systems, cryptocurrency vesting often uses smart contracts on decentralized platforms. Time-based vesting in traditional finance often requires waiting for a period of time before executives or employees fully own the shares they receive. This can increase employee retention and loyalty by tying a portion of an employee's salary to their continued employment. Although milestone-based vesting is less common in traditional finance, it can occur in some performance-based stock plans, where shares are issued only after predetermined business goals are met. 4. How does cryptocurrency ownership affect supply? Token ownership governs the gradual release of tokens into circulation, affecting available supply and market dynamics. Token vesting directly affects the supply of tokens in circulation by controlling the supply of tokens available in the market over time. Vesting-related tokens are generally not immediately available for trading or circulation. Therefore, until these tokens are fully vested, they are not considered part of the available supply. Circulating supply decreases during exercise periods, which affects metrics such as market capitalization and available liquidity. When tokens are gradually unlocked or vested according to a preset schedule or conditions, they enter the circulating supply. This may impact market dynamics, investor sentiment, and the supply and demand balance of the ecosystem. 5. Benefits of Cryptocurrency Vesting Cryptocurrency vesting supported by smart contracts enhances investor confidence by ensuring that stakeholder interests are transparent, flexible and securely aligned with long-term project success. Cryptocurrency attribution offers multiple benefits in the blockchain space. By using smart contracts in a decentralized network, attribution requirements can be enforced transparently and automatically, building trust among token holders. With time- and milestone-based vesting, the interests of the team, advisors, and investors are aligned with the long-term success of the project. Because cryptocurrency attribution is so flexible, projects can tailor the system to meet their unique requirements, encouraging responsibility and dedication. Additionally, utilizing blockchain technology is immune to centralized manipulation and tampering, making the process more secure. All things considered, cryptocurrency attribution is critical to promoting long-term project development, reducing speculation, and increasing investor confidence. 6. Risks and Challenges Related to Cryptocurrency Attribution Regulatory uncertainty, smart contract vulnerabilities, liquidity risks, lack of standardization and balanced incentives pose challenges to the effectiveness of cryptocurrency attribution. Cryptocurrency cashing out provides the necessary incentives, but also introduces risks and difficulties. Regulatory uncertainty in the developing cryptocurrency ecosystem may give rise to legal issues that may impact the enforcement of vesting contracts. Token holdings can be compromised by smart contract flaws and code errors, leading to unexpected results or security breaches. Once unlocked, the liquidity risk of a given token may lead to sudden market fluctuations or even sell-offs. Additionally, investors may become confused if vesting procedures are not uniform across projects. Finding the ideal balance between acknowledging dedication and ensuring project success is an ongoing struggle. Overall, properly negotiating the complexities of cryptocurrency ownership requires careful consideration of legal, technical and market-related issues.

Bitcoin’s prospects for 2024 cannot be overstated. While many may feel like they're too late (why didn't I buy under $100?), like they missed an opportunity, now may not be a better time to step in. More specifically, the ratio of potential rewards to the risk behind Bitcoin has never been more attractive. Here are 21 reasons to be unusually optimistic about Bitcoin’s prospects in 2024. Demand 1. Multiple spot Bitcoin ETFs are expected to receive SEC approval in the coming weeks, creating billions of dollars in additional demand as institutions can invest in the asset through traditional financial products. At the same time, ETFs are raising awareness of the asset and providing regulatory transparency and support from major financial institutions. This expectation is evidenced by Grayscale Bitcoin Trust’s (GBTC) declining discount to Bitcoin trading, from a discount of nearly 50% last year to less than 10% in December 2023. Additionally, this view has been shared by countless analysts and asset managers close to the matter – their expectations for the imminent approval of a spot Bitcoin ETF. Supply 2. The fourth halving of Bitcoin supply is coming in April. So far, the asset’s price trend (year-to-date +150%) is consistent with the previous three halving events. The post-halving yields are respectively 101x, 30x and 8x. A supply halving means that downward pressure on Bitcoin's price will decrease, as miners will only be able to sell half as many Bitcoins per day as they currently do (900 Bitcoins per day). It also triggers the next level of scarcity, as Bitcoin’s stock-to-flow ratio will suddenly double. Specifically, history will be made in April 2024, as Bitcoin will become the scarcest asset in the world (the asset with the highest stock-to-flow ratio), displacing gold for the first time. 3. As more and more Bitcoins are moved into wallets controlled by illiquid owners, the liquidity supply decreases faster. Specifically, more Bitcoin is moving to private custody rather than being held and traded on exchanges. Reduced liquidity supply means an increased multiplier effect from purchases: when an entity purchases $1 billion of Bitcoin, the market cap of Bitcoin increases by over $1 billion because this purchase affects the price increase.Regulation 4. The FASB, the entity that sets accounting and financial standards for U.S. companies, voted in September 2023 to adopt fair value accounting for Bitcoin. The change means companies can hold Bitcoin on their balance sheets at market prices, allowing them to recognize unrealized gains without having to treat it as an intangible asset and follow an impairment model. This is a significant development as it opens up the possibility for companies to increase their reported earnings and equity as their Bitcoin holdings appreciate in value. This change makes holding Bitcoin more attractive to businesses, not only because they can show more favorable financial performance when Bitcoin rises, but also because the FASB move can be seen as legitimizing Bitcoin as an asset class. 5. In addition to pro-Bitcoin regulatory progress in 2023, the U.S. non-profit educational organization Satoshi Action Fund expects to pass pro-Bitcoin regulation in 10 U.S. states in 2024. Greater regulatory clarity will increase institutional investment, boost consumer confidence, and stimulate entrepreneurship in the Bitcoin space, further increasing demand and potential for the asset. Fundamental 6. Adoption increases as the number of addresses holding 1 full Bitcoin reaches an all-time high. Likewise, addresses with more than 0.1 BTC and addresses with more than 0.01 BTC also show their highest ever levels. 7. Bitcoin’s hashrate has now reached an all-time high of 500 EH/s, cementing its status as the most secure network ever. 8. In contrast, Bitcoin’s volatility trends downward as the asset matures. An asset's low volatility is particularly important for investors who focus on the ratio of return to volatility, such as the Sharpe ratio or the Sortino ratio. Bitcoin has enhanced its appeal to investors with its high returns and relatively low volatility. 9. Additionally, Bitcoin’s correlation with traditional asset classes has fallen to all-time lows. The low correlation with other asset classes makes Bitcoin an attractive addition to any traditional investment portfolio (e.g. hedge funds, pension funds, family offices) as it enables asset managers to reduce the volatility of their portfolios while Increase expected returns.10. The degree of decentralization of Bitcoin mining activities is expected to increase. For example, thought leaders like Jack Dorsey invested millions of dollars in a decentralized Bitcoin mining pool called OCEAN. While it may be a small investment so far, the move at least puts the issue in the spotlight and invites other miners to follow suit. Further decentralizing a protocol can reduce its risk, making it more valuable. 11. Layer 2 schemes (such as the Lightning Network) finally become scalable, enabling Bitcoin to be used as a medium of exchange: almost free, instant transactions. Specifically, Lightning Network adoption has increased 10x since the summer of 2021. With this new feature, Bitcoin as an asset in 2024 will be significantly different (and superior) to Bitcoin as an asset in previous years. 12. Bitcoin balances on exchanges are declining as people understand the importance of self-custody. Personally, I believe this development signals less speculation in the market and a more authentic use of assets as decentralized stores of value. 13. In November 2023, we hit another new record: over 70% of Bitcoins have not moved in over 1 year. This development occurred despite the fact that the price of Bitcoin has more than doubled during this period. This record once again supports the theory that speculation in the asset is declining while being replaced by long-term holdings. Narrative 14. The narrative surrounding Bitcoin as an ESG asset is finally being recognized and starting to be addressed: from providing banking services to the unbanked to reducing methane emissions, incentivizing the production of renewable energy, and stabilizing the power grid. Peer-reviewed publications and traditional media are increasingly reporting on this aspect of Bitcoin, which may further fuel public interest in the asset. 15. Traditional investment managers have recently switched to supporting Bitcoin. One of the biggest developments of 2023 is Larry Fink’s 180-degree turn on Bitcoin. Starting out in 2017 by calling Bitcoin a "money laundering index," he now openly supports Bitcoin and believes its recent price rise is a "shift toward quality." As CEO and chairman of BlackRock, the world's largest investment firm, his perspective is hard to ignore. Likewise, Jurrien Timmer, global macro director at Fidelity, sees this as a "hedge against currency devaluation" and "index gold." 16. The difference between Bitcoin and all other crypto-assets is becoming increasingly clear: one is a commodity (an asset without an issuer), while almost all other crypto-assets are securities (not truly decentralized assets) . With upcoming regulations likely to support this stance, Bitcoin's unique position will once again be highlighted. Perception 17. El Salvador, where Bitcoin is legal tender, had its credit rating upgraded by Standard & Poor's in November 2023, indicating the early success of its Bitcoin strategy. Additionally, in December 2023, the country’s Bitcoin investment value turned positive for the first time, after two years of Bitcoin accumulation during the asset’s longest bear market. 18. Additionally, a libertarian economist who openly supports Bitcoin was elected President of Argentina in November 2023. Javier Milei's video has gone viral in which he denounces the evils of socialist economies and fiat currencies. For example, his mid-September 2023 interview with Tucker Carlson is one of the most viewed videos on the X platform, with over 400 million views. 19. Several U.S. presidential candidates will make Bitcoin a talking point in the 2024 election. Specifically, prominent candidates for the highest office in the United States who support Bitcoin include Ramaswamy, Kennedy, and DeSantis. These discussions will bring Bitcoin to the forefront and force all candidates to take a stand on the issue. Beyond 20. In November 2021, the integration of the Bitcoin protocol Taproot upgrade allowed for the implementation of smart contracts directly on the Bitcoin blockchain. Taproot not only simplifies transaction efficiency, but also unlocks the potential to perform complex contract-like functions directly on the Bitcoin network, benefiting from its decentralization, security, and robustness. This advancement brings new possibilities for decentralized finance (DeFi) and other applications. Such developments will begin to occur in 2023 and could become a major milestone in 2024. 21. In the coming wave of Bitcoin adoption, it may become clear that Bitcoin is more than just currency.For example, when U.S. Major Jason Lowery released his best-selling book Software Wars earlier this year, it raised awareness of Bitcoin's potential well beyond the confines of currencies and financial markets. Specifically, Bitcoin's security can be used not only for financial information, but also as a network security protocol, which may become a strategic imperative for the national security of all countries. As Hal Finney posted on December 5, 2010, “Bitcoin is a global, decentralized, and consistent database,” inviting readers to consider the many applications of such a database. While the idea is still in its infancy, the seeds have been sown and an extraordinary vision is growing. No one knows the date of the harvest, but when it arrives, it is expected to usher in an era of unprecedented innovation and prosperity. Conclusion As 2023 comes to a close, Bitcoin’s outlook presents a series of promising developments, each of which brings a strong and optimistic outlook for the year ahead. From the expected influx of institutional investment to transformative regulatory changes and the milestone of Bitcoin’s fourth halving, the foundation is set for significant growth and wider adoption. Additionally, the evolving perception of Bitcoin as a secure, decentralized asset and the growing recognition that it is an environmentally and socially responsible option underscores its potential to transcend its current role in the financial sector. The potential of the character. The enthusiastic embrace of global leaders and innovative advances in technology only add to this narrative of progress and potential. That’s it for today’s article. Thank you for reading. I am an old leek in the currency circle. I sincerely wish you all to get rich in the currency circle. Your likes and attention are the motivation for my creation.

The Inscription track has become very popular recently, and the craze for "playing Inscription" has not subsided for several days. Lao K has compiled the most eye-catching inscription projects on major public chains recently, as follows: Bitcoin ORDI: The Bitcoin Ordinals protocol was launched by Casey Rodarmor in January 2023. The protocol allows digital content such as art to be inscribed on the Bitcoin blockchain. The hype for Ordinals really started in February 2023, six weeks after Genesis Ordinals were created. ORDI is currently trading at US$50.11, with a total market value of US$1.056 billion. Total supply is 21 million. Protocol: BRC20. SATS: Sats casting started on March 9, 2023, and the casting progress reached 100% by September 24. The total number of minting times is 21,107,258 times, and the holders are 36061. It is currently trading at US$0.0007598, with a total market value of US$1.595 billion. The total supply is 2,100 trillion. Protocol: BRC20. RATS: Rats Mint time is 12:00 am on March 3, 2023. Rats adopts the concept of animal Meme coins and is the leading Meme token. It is currently trading at US$0.0003158, with a total market value of US$315 million. The total supply is 1 trillion. Protocol: BRC20. Ethereum ETHS: The Ethereum Inscription Protocol Ethscriptions was launched on June 17, 2016 by Genius.com co-founder and former CEO Tom Lehman, allowing people to engrave different types of files on the Ethereum mainnet, as long as the size does not exceed 96KB That’s it. To be precise, the protocol is to note information (hexadecimal characters) on a transaction and then record it in the block. ETHS is currently trading at $14.67, with a 24-hour trading volume of $33,099 and a total supply of 21 million. Protocol: ERC20. Facet: Facet was launched on the Ethereum mainnet on November 30, including FacetSwap, FacetScan and Dumb Contracts (dumb contracts). It is more like a powerful assistant to Ethereum, designed to assist the Ethereum network in processing more transactions while reducing usage costs. In short, Facet-VM (Scaling Network) is a solution built on the Ethereum mainnet, dedicated to increasing Ethereum’s transaction speed and reducing fees. According to actual test results, the transaction fees processed using Facet-VM (Expansion Network) are significantly reduced compared to the Ethereum main network, about 10-20 times. Total supply: 21 million. Protocol: ERC20. PolygonPOLS: On November 24, the POLS Market, the inscription market on the Polygon chain, was officially launched and opened for trading. Total supply: 21 million.Protocol: PRC20. SolanaSOLS: Solana’s inscribed token, currently quoted at $3.27, total supply: 21 million. Protocol: SPL20. AvalancheAVAV: The inscription token AVAV on the Avalanche chain was minted online on December 12 and completed on December 17. The total amount is approximately 1,463 trillion, and the number of holders is 52,367. Now quoted at $0.06136, total supply: 21 million. Protocol: ASC20. ASCT: Another inscription on the Avalanche public chain. Total supply is 21 million. Protocol: ASC20. zkSyncZKSS: Inscription token on zkSync. Total supply: 21 million. Protocol: ZRC20. ArbitrumFAIR: Inscribed token on Arbitrum. The engraving was completed on December 16, with a total consumption of 1,536 ETH and 34,406 holding addresses. Total supply: 10 million. Agreement: Fair20. KlaytnKlys is the inscription of the Korean public chain Klaytn. Total supply: 21 million. Protocol: KRC20. Celestia As of December 18, the Celestia inscription project CIAS minting process has reached approximately 29%, and the total number of holders exceeds 52,000. Total supply: 100 billion. Protocol: CRC20 CosmosCOSS: Inscription token on Cosmos. Total supply is 21 million. Protocol: CRC20. EOSEOSS: A blockchain-inscribed token created by project Twitter @EOSS_eos on the EOS blockchain. Total supply is 21 million. Protocol: EROC20. BNBChainBNBS: It is the inscription token on the BNB chain. Total supply 21,000. Protocol: BSC20. LitecoinLITE: LTC’s first inscribed token. Total supply is 84 million. Protocol: LTC20. IOSTIOSI: IOST inscription platform IOST Inscriptios and the first inscription project on the chain. The total supply is 880,000 pieces, using the one-click Mint casting method, and the casting cost of each piece is 1 IOST. Arweave ARIS: The first permanent inscription token in the Arweave ecosystem, using similar ERC-20 and BRC-20 standards, has the characteristics of fair distribution, low fees, high TPS interaction and no block size limit. Total supply: 21 million. Protocol: PRC20. DogechainDOGI: is the Dogechain inscription token. Total supply is 21 million. Protocol: DRC20. ICPICPS: Inscription tokens on the ICP chain. Total supply 21,000. Protocol: MORA20. OKTOKTS: Inscription token on OKTChain. The total supply is 210 million. Protocol: XRC20. NEONEOS: It is the inscription token on NEO N3. Total supply: 2 million. Protocol: NRC20. FilecoinFILS: Inscription token on the Filecoin chain.Total supply: 1.5 billion. Protocol: FIL20. ShibariumSHIB is the Shibarium inscription token. The total supply is 58.9 million. Protocol: SRC20. TonNANO: the inscription token on the Ton chain. Total supply is 21 million. Protocol: TON20. That’s all for today’s article. I am Crypto Old K, an old leek who sincerely wishes you all to get rich in the currency circle.

Many people ask how to buy inscriptions.All investments have investment logic.Prices may deviate from investment logic in the short term, but will eventually return to investment logic in the long term.What is the investment logic of Mingwen?1. Choose the inscription and identify the Bit EcosystemThere are a large number of mining companies listed in the United States (such as Marathon/Riotplatforms, etc.). Now Wall Street investment institutions position these mining companies as: the settlement infrastructure of the Bitcoin ecosystem.But the Bitcoin network actually has no ecosystem.Let alone the Bitcoin network, in fact, in the entire crypto industry, except for mining, exchanges and related services, the actual usage of other ecosystems is not that large.

Bitcoin bulls face a battle for support across multiple time frames as Bitcoin price action continues to fluctuate. Bitcoin ( BTC ) hit lows below $41,700 as BTC price action brought fresh seller pressure after Wall Street opened on December 15. BTC/USD 1 hourly chart. Source: TradingView The largest cryptocurrency, which has just recovered from the previous day’s rapid moves, failed to hold ground at $43,000 as Bitcoin bulls failed to continue its upward move. Bitcoin price weakness comes amid news that the U.S. Securities and Exchange Commission has rejected major exchange Coinbase's request to change cryptocurrency rules. “Today, the Commission denied a rulemaking petition filed on behalf of Coinbase Global, Inc.,” SEC Chairman Gary Gensler wrote in a statement. “I am pleased to support the Commission’s decision for three reasons. First, existing laws and regulations apply to the cryptocurrency securities market. Second, the SEC also addresses crypto securities market issues through rulemaking. Third, in formulating It is important to maintain the Commission’s discretion when setting priorities for its own rules.” The SEC has become embroiled in the current crypto crisis as it is expected to approve the first U.S. Bitcoin spot price exchange-traded fund (ETF) in early 2024. Money market narrative. In a Dec. 13 interview with Bloomberg, Gensler acknowledged recent legal action related to the agency’s repeated rejections of applications for a Bitcoin spot ETF. He said the SEC "acts based on our authority and how the courts have interpreted our authority, and that's what we're here to do." Analyzing the latest setups on the order book, popular trader Skew noted that bids Support continues to grow, reaching $41,000. "It will be interesting to add bid depth around $41,000 from here. Active supply is around $44,000," part of a post on X (Twitter) states. Binance’s BTC/USDT order book data. Source: Skew/X Subsequent analysis highlighted that the lower timeframe exponential moving averages (EMA) are now coming into play again. $BTC 4H price is once again competing with the 4H EMA, the RSI is currently below 50, and the important closing price will be consistent with the 4H 100EMA and 18D EMA ~ System bid https://t.co/L89Nl6pW12 pic.twitter.com/G6CD5zCfXy — Skew Δ (@52kskew) December 15, 2023 Bitcoin Price Bulls Amid Fibonacci Showdown Meanwhile, Keith Ay, co-founder of trading resource Material Indicators Keith Alan revealed that it still faces continued efforts to pull the key weekly level back to support. Related: Bitcoin Traders Expect 10% Downside Ahead, USD Hits 4-Month Low This comes in the form of a 0.5 Fibonacci retracement level near $42,500 on the way to the all-time high of $69,000 one of several key hurdles that need to be overcome. If we look at the#Fibonaccilevels from ATH to#Bitcoinmacro swing lows, we find ourselves testing support within the gold bag. It’s bullish if the 0.5 Fib holds and leads to a breakout of the 0.618 level, but there seems to be an undecided battle at the moment… pic.twitter.com/b5J6ajKbjh — Keith Allen (@KAProductions) December 15, 2023 Materials Indicators further show increased buying activity among high-volume traders at the time of writing. "The giant whale is buying and trying to recoup $42,000," part of X's review concluded. Binance’s BTC/USDT liquidity heatmap. Source: Material Indicators/X

Since the birth of Bitcoin, blockchain technology has rapidly developed into one of the key technologies of the digital age. It provides a solid foundation for decentralized data management and cryptocurrency transactions, leading a revolution in the digital and financial fields.In this context, inscription technology came into being. As an important innovation in the field of blockchain, it provides a richer and more diverse form of expression for digital assets. By permanently recording information on the blockchain, inscription technology not only enhances the security and immutability of data, but also provides unique identity and value for digital artworks, collectibles, etc. The rise of this technology marks the transformation of blockchain applications from pure currency transactions to a wider range of digital asset management and innovative uses.

As the Bitcoin ecosystem continues to develop, the market's attitude towards top cryptocurrencies has become clear. Now, what we see is competition and development in two main directions: first, the horizontal "inscription track". Various public chains are experimenting with inscription technology, forming an “inscription track.” For example, Ethereum's eths, Doggie's dogi, Solana's sols, etc. Secondly, there is the vertical "BTC ecosystem", with Ordinals and BRC-20 as the pioneers, forming the first wave of traffic and wealth accumulation. Subsequently, new protocols such as Atomicals/Runes (not yet launched) will continue the funding and attention of BRC-20. In addition, there are many BTC L2 projects and DeFi projects in the construction stage in the Bitcoin ecosystem, attracting the attention of more developers and capital. These developments are not limited to inscription technology, but are building the Bitcoin ecosystem in depth, increasing its total value locked (TVL) and infrastructure. The current circulating market value of SATSSATS is US$1.613 billion, ranking No. 1 in the Bitcoin ecological rankings. SATS is a BRC-20 token based on the Bitcoin network and a token created based on the Ordinals protocol, released on March 9, 2023. The name of this token comes from the smallest unit in Bitcoin, "Satoshi", which represents a tribute to Bitcoin. SATS was originally created for entertainment purposes and was considered a meme, but gradually showed the success that a cryptocurrency community can achieve by participating in and exploring blockchain technology together, attracting a large number of investors and transactions as a result It has also become very popular in the BRC ecosystem. Currently, some key data points about SATS include: total supply of 2,100 trillion SATS; number of holding addresses: over 37,430; total number of transactions: over 21,425,690. Judging from the on-chain data, SATS’s acquisition funds are very strong. In less than a day after Binance was launched, 19.17% of the chips, worth approximately US$200 million, were collected, and there was still no significant drop despite a 143% increase. Although the volume of SATS on the trading platform is not as large as ORDI, the chips are still relatively dispersed. However, a large number of early high-profit chips were not sold. Now, 7 of the top 10 addresses are personal addresses, and the largest individual holds 15 trillion chips, worth US$7.2 million.The largest player in SATS once owned 65 trillion SATS and sold them all after it was listed on Binance, making a profit of $36 million. The current circulating market value of STXSTX is US$1.513 billion, ranking second in the Bitcoin ecological ranking. Stacks is a Bitcoin L2 platform with STX as its native token, with staking, governance, ticket smart contracts, and value transfer uses. While Stacks is anchored on the Bitcoin blockchain, it is also an independent protocol. It introduces the smart contract language Clarity and the virtual machine SVM (Stacks Virtual Machine) to execute these contracts on the Bitcoin blockchain through "PoX (Proof of Transfer) consensus mechanism to help the Bitcoin blockchain expand, opening up new possibilities for applications such as DeFi and NFT. In addition, Stacks also introduced sBTC, which is linked to Bitcoin, which defines a decentralized "hang-in" and "hang-out" system, allowing the Stacks network to write to Bitcoin, providing decentralized communication and stronger Security creates a pipeline to port Bitcoin to a system with higher utility. A key difference between sBTC and wBTC is that the latter is operated by a custodian entity, whereas Stacks claims that sBTC operates entirely on its own and is protected by the security infrastructure of both systems. ORDIORDI's current circulating market value is US$1.376 billion, ranking 3rd in the Bitcoin ecological ranking. On March 8, 2023, anonymous developer @domodata launched the BRC-20 inscription protocol based on the Ordinals protocol and deployed the experimental token ORDI. It is the first BRC 20 Token to be deployed. On March 9, ORDI was minted. The cost of printing one ORDI (1 card includes 1,000 coins) is 2 to 3 US dollars. Based on the current price of 1 ORDI of 50 US dollars, the current price of one ORDI is 50,000 US dollars. Since then, ORDI’s value has continued to rise, especially after being listed on Binance, where its price once soared by more than 700%. Ten months have passed, and if it has not been sold yet, based on the current price, this is an investment that has increased 20,000 times. At the time of writing, ORDI is priced at $54 each and has a market capitalization of about $1 billion. RATSRATS currently has a circulating market value of US$370 million, ranking 4th in the Bitcoin ecological rankings. RATS, a BRC-20 token created through the Ordinals protocol, is a unique rat-inspired meme token that represents one of the most prolific mammals on Earth.Unlike many tokens aimed at achieving major achievements within the blockchain ecosystem or the crypto-asset market as a whole, RATS is a meme token created for entertainment purposes. The success of meme tokens often happens when people come together to have fun and explore blockchain technology, so much of RATS's success can be attributed to the enthusiasm of its community. RATS has become a symbol of this ethos, with a growing base of supporters. RATS’s tokenomics will be launched on March 11, 2023, and will be fully circulated on November 5, 2023. According to CoinMarketCap, the total RATS token supply is 1 trillion tokens, but there is currently no clarity on the allocation and distribution of RATS tokens. The current circulating market value of ATOMATOM is US$283 million, ranking 5th in the Bitcoin ecological ranking. ATOM is a token based on the ARC-20 standard of the Bitcoin blockchain and belongs to the Atomics protocol. The Atomics protocol is a mechanism for creating, transferring, and updating NFTs on the UTXO (Unspent Transaction Output) blockchain. The protocol solves the long-standing problem of representing arbitrary fungible token assets on the Bitcoin blockchain by permanently binding each token unit to a Satoshi. This means that each ATOM token can never be worth less than 1 Satoshi. ARC-20 tokens can be minted by anyone and transferred to any Bitcoin address. The ARC-20 token standard uses Satoshi to represent units of ownership, ensuring that the token has a minimum value of 1 Satoshi. According to data from the Atomics Market on December 14, the Atomics ecosystem has generally risen: ATOM is currently quoted at $14.46, with a 24-hour increase of 38.36%. DMINT is currently quoted at US$0.12, with a 24-hour increase of 5.19%; BITVM is currently quoted at US$0.03, with a 24-hour increase of 15.38%; REALM is currently quoted at US$0.9, with a 24-hour increase of 24.29%; AVM is currently quoted at US$0.34, with a 24-hour increase of 73.35 %; MUBIMUBI’s current circulating market value is US$215 million, ranking 6th in the Bitcoin ecological ranking. MUBI is the BRC-20 token of the two-way bridge platform Multibit based on the Bitcoin blockchain. Multibit completed its IDO on November 14, and the token MUBI rose by 1140% after the opening. The Multibit platform is designed to facilitate users to seamlessly transfer tokens between the Bitcoin blockchain and other Ethereum Virtual Machine (EVM) networks, thereby enhancing liquidity and interoperability between different blockchain networks.The MUBI token provides a new method that allows users to smoothly transfer tokens between Bitcoin and EVM networks, promoting the seamless flow and interoperability of tokens between different blockchain ecosystems. Multibit has seen significant price growth over the past 24 hours, rising by 50.40%. There are currently 950 million MUBI tokens in circulation, and the total supply is capped at 1 billion MUBI tokens. ALEXALEX currently has a circulating market capitalization of US$205 million, ranking 7th in the Bitcoin ecological rankings. ALEX is a Bitcoin DeFi platform built on the Stacks blockchain, dedicated to activating the multiple uses of Bitcoin. ALEX mainly provides the following services: projects launching their tokens, fixed-rating and fixed-term lending without liquidation risk, DEX with AMM mechanism, depositing tokens to earn interest and obtain high returns through yield farming. ALEX aims to break down the barriers between Bitcoin Layer 1 (L1) and Layer 2 (L2) to provide a seamless Bitcoin DeFi experience. Its native token ALEX can be obtained through DEX, LP participation and staking, and has three main functions: incentive, staking, and voting. The total initial supply of tokens is 100 million ALEX, with the foundation accounting for 20%, community pledges accounting for 50%, and the founding team and early investors accounting for 30%. 50% of the initial supply is used for staking, with the main purpose of incentivizing users to participate in platform activities, especially providing liquidity and staking on DEX. RIFRIF's current circulating market value is US$131 million, ranking 8th in the Bitcoin ecological rankings. The RIF token is the native token of the Rootstock Infrastructure Framework, a service layer built on top of the Rootstock blockchain. Rootstock is a long-standing sidechain on which Uniswap v3 is deployed. The Bitcoin sidechain RSK, developed and launched by Rootstock Labs in January 2018, is an EVM-compatible smart contract platform written in the Solidity language. It uses Bitcoin as its native asset and aims to give BTC programmability. On top of this, IOV Labs, the parent company of RSK, has established the RIF (RSK Infrastructure Framework) laboratory, aiming to help RSK achieve wider interoperability and faster deployment time, and compensate for the large-scale market adoption of blockchain technology. the gap between.Currently, the laboratory has developed the open operating system RIFOS and a series of suites (wallets, relays, domain name services, etc.) based on RSK. As of now, the circulating supply of RIF is 1 billion, and the maximum supply is unknown. RIF is designed to bridge the gap between complex blockchain technology and seamless user experiences, helping organizations create innovative DeFi products and providing the infrastructure and resources to solve critical user accessibility challenges. PIPEPIPE's current circulating market value is US$126 million, ranking 9th in the Bitcoin ecological rankings. The PIPE protocol is a protocol inspired by the concepts of Casey Rodarmor’s RUNES and Ordinals’ BRC-20, and its first token is also named PIPE. Contains three "functions": deployment, casting and transmission. "Deploy" indicates that a new token has been deployed, while "Mint" allows liquidity to be re-minted from that token according to the deployment's rules (e.g. supply, limits), bringing more advanced functionality to ordinals. The Pipe protocol is based on the UTXO architecture and brings the advanced capabilities of digital art and NFTs to the Bitcoin world. It perfectly inherits the characteristics of Bitcoin UTXO, while optimizing network congestion, improving mint/handling fees and transfer experience. Although the data of Pipe and ordinals are both stored on the Bitcoin chain, their storage locations are different, just like the coins and banknotes in the wallet are not in one place. This design purpose allows users to enjoy more excitement and fun . TRACTRAC’s current circulating market capitalization is US$109 million, ranking 10th in the Bitcoin ecological rankings. TRAC (Ordinals) is a token based on the BRC-20 standard, and the market performance of TRAC (Ordinals) has recently shown an upward trend. As of now, the live price of TRAC is $5.12, a 24-hour increase of 32%, and the trading volume is $2.98 million, an increase of 20.80%. The maximum supply of TRAC is 21 million, and the circulating supply is unclear. TRAC is currently available for trading on Gate.io, BitMart, and AscendEX (BitMax). $$trac$$STAMPSSTAMPS currently has a circulating market value of US$68 million, ranking 11th in the Bitcoin ecological rankings. SRC-20 tokens, also known as STAMPS (Secure Tradeable Art Maintained Securely), are a new type of token on the Bitcoin blockchain.Created by anonymous developer Mike In Space! and inspired by protocols like Ordinals and Counterparty, BTC Stamps proposes a different method of embedding data into the Bitcoin blockchain than inscription technology. STAMPS tokens guarantee greater permanence than other protocols because they are stored directly in the blockchain’s disposable transaction outputs, making them impossible to delete. The proposed use of STAMPS is to create fractionated NFTs from lightweight "24×24 pixel, 8 color depth PNG or GIF" images that form a complete NFT and can be sold in different parts based on the size of the image. According to the Github information submitted, the implementation mechanism of BTC Stamps is to embed image data in base 64 format into the transaction output on the Bitcoin chain, thereby permanently saving the corresponding image data on the Bitcoin chain.

What is BRC20In blockchain, we usually use the smart contract of Ethereum network to issue tokens. But Bitcoin network does not have this function, so there is BRC20. This thing was invented by @domo, which allows Bitcoin to have tokens.To put it more simply, the smallest unit of Bitcoin is 1 Satoshi, and 1 Bitcoin is 100 million Satoshis. The BRC20 protocol is a way for you to use 1 Satoshi to issue various tokens, NFTs, domain names, etc.Imagine that every time you transfer money on the Bitcoin network, you can not only transfer money, but also write something in the notes, just like when you place an order for takeout on Meituan, you fill in the notes.

Binance announced the listing of BONK, offering USDT, FDUSD, and TRY spot trading pairs. BONK price surges 100%.
Solana-based memecoin BONK has sparked a new frenzy among cryptocurrency investors while extending its gains to more than 110% in the past 24 hours. As of press time, the price of BONK is $0.00002815, and the market value has soared to $1.8 billion.
Amid this bullish price surge, BONK has surpassed three times the size of popular meme coin PEPE Coin. The rise in BONK price comes as Binance announced the listing of memecoin for trading.

Background of RATS
With the successful leadership of SATS, the rise of mice has become the focus of people's attention. With ORDI currency prices continuing to break records, can the little mice continue to speed up?

RATS is the leader in the BRC20 series of inscribed assets launched in March this year, with a single casting limit of only 1 million pieces. Rat tokens (Rats) have been successfully listed on a series of small exchanges such as LBank and Gate. io and Bitget will soon join them. In the field of plate segmentation, the concept of mouse animal memes emerged in this field and quickly became one of the representatives of "value-added".

ORDI has no technology, is useless, and is just a speculative tool. I wanted to criticize ORDI for its speculation, but it turned out that ORDI was the number one meme against Doge.
Inscription started the rise of the Bitcoin ecosystem and paved the way to solve the Bitcoin security budget problem. The main criticism: The idea that inscriptions cause Bitcoin node sizes to swell, thereby affecting decentralization, is untenable.
ORDI is a useless token with no technology and no functionality. If serious project tokens need to capture value and attract investors through value, then meme tokens need to capture attention.

What is BRC 20?

I believe everyone has heard about $Sats’ recent listing on Binance Exchange. The listing of $Sats not only doubled his own net worth, but also greatly increased the net worth of brothers and sisters in the entire BRC-20 sector.

We just recommended $Sats to you two days ago, and the next day it was officially announced to be listed on Binance, and it took off directly. The brothers in the group who followed our steps made a lot of money, and the brothers who didn’t get on the train may be slapping their thighs. Brothers who haven’t joined the group should hurry up, don’t you feel jealous when you see others making money?