{"id":78469,"date":"2023-05-09T10:28:09","date_gmt":"2023-05-09T07:28:09","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78469"},"modified":"2025-09-11T05:14:17","modified_gmt":"2025-09-11T02:14:17","slug":"brc-20-token-market-cap-hits-650-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/brc-20-token-market-cap-hits-650-million\/","title":{"rendered":"BRC-20 token market cap hits $650 million"},"content":{"rendered":"

The total market capitalization of Bitcoin-based BRC-20 tokens is around $650 million. In the developing segment, the meme token ORDI leads, with a combined market value that surpassed $400 million<\/a>.<\/p>\n

At their peak, the figures exceeded $1 billion and $600 million, respectively.<\/p>\n

The daily trading volume of BRC-20 tokens surpassed $200 million. 97% of it is concentrated in ORDI. In early April, the asset traded at about $0.1 versus the current $19.3, multiplying holders’ initial investments by 192 times.<\/p>\n

ORDI has been listed on BKEX and Gate.io<\/a>.<\/p>\n

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Data: BRC-20<\/a>.<\/figcaption><\/figure>\n

The meme tokens make up the majority of BRC-20 tokens created on the buzzworthy Ordinals<\/a> project.<\/p>\n

The top of the capitalization ranking is also formed by the PEPE, MEME, PIZA and BANK projects, which are noticeably behind the leader.<\/p>\n

\"image-265\"
Data: BRC-20<\/a>.<\/figcaption><\/figure>\n

The system uses<\/a> a numbering of satoshis<\/span> (serialization) to record data in \u201cwitness\u201d portion<\/a> of the Bitcoin transaction.<\/p>\n

The hype around BRC-20 tokens contributed to a jump in average fees in the Bitcoin network to July 2021 levels ($7).<\/p>\n

According to reporter Colin Wu, former Bitcoin SV developers from China play a significant role in the segment’s development. Following the launch of Ordswap, focused on trading BRC-20 tokens, the team unveiled its DEX<\/a>-analogue called RelayX. <\/p>\n

Ordinals Wallet was launched by the creators of Twetch on Bitcoin SV, and the most popular solution Unisat<\/a> \u2014 developers linked to Sensible Contract (the SDK<\/span> for smart contracts on this network).<\/p>\n

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The team behind Ordswap, the first BRC20 trading platform, has developed RelayX, the first decentralized trading platform on the BSV network. Behind the wallet Ordinals Wallet is Twetch, a social application built on BSV. The founder of the Mempool mining pool is also a core\u2026<\/p>\n

\u2014 Wu Blockchain (@WuBlockchain) May 9, 2023<\/a><\/p><\/blockquote>\n