BRC-20 tokens on the market

BRC-20 tokens are a novel cryptocurrency traded on the Bitcoin Blockchain, drawing inspiration from Ethereum's ERC-20 standard. They utilize a unique protocol called Ordinals, enabling data inscriptions on Satoshis, Bitcoin's smallest unit.

The anonymous blockchain developer Domo launched the first BRC-20 on March 9, 2023, and then they have seen massive growth, reaching a $1.3 billion market cap as of November 2023. Birthed out of the experimental Ordinal Theory, now there is a thriving market for inscriptions, and the demand for the BRC20 ecosystem, assets liquidity, and applications like borrowing & lending is increasing.