BRC-20 Tokens : The Future Of Crypto?

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Former Member5/8/235:15 AM0 replies

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BRC-20 Tokens : The Future Of Crypto?

Former Member5/8/235:15 AM0 replies

Former Member

BRC-20 tokens, the new type of NFTs created on the Bitcoin blockchain, have gained significant momentum within just two months of their launch, with a market capitalization of over $300 million. ORDI, PEPE, PIZA, MEME, MOON, PUNK, DOMO, OSHI, XING, and SHIB are among the 13,000 tokens in circulation, with the top tokens accounting for 86.55% of the total market cap.

Pepe, one of the top BRC-20 tokens, has a market capitalization of around $17.6 million. The last trading day recorded nearly 400K transactions, with average fees of more than 245 BTC, according to Dune Analytics. As a result of the surge in demand for BRC-20 tokens, the Bitcoin ecosystem is experiencing high demand for block space, as per Glassnode data.

Tags: BTC, BRC, Glassnode, Bitcoin, Future Of Crypto, DOMO, 20, Dune Analytics, Tokens, PEPE

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