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Author: Admin | 2025-04-27
Transfer inscription, either. A new transfer inscription has to be created every time – and yes, this means more gas fees. BRC-20 TimelineMarch 5: @redphonecrypto proposes a hypothetical BRC-20 token standard with JSON data, loosely based on Sats Names.Inspired by the elegant simplicity of @sats_names, I'm wondering who's going to create a "BRC-20"-like standard to allow tokens on ordinals... hypothetical example below... pleas tear into it pic.twitter.com/FW8A5YtfLh— redphone ☎️🧙🏻♂️ (@redphonecrypto) March 5, 2023 March 8: Domo deploys a test BRC-20 token, ORDI. A few hours later, someone uses the new format to create a second token, MEME.March 9: Domo publishes guidelines to the experiment on GitHub with an accompanying thread on Twitter. He stresses that BRC-20 will be “worthless” and invites the community to participate. Incredibly, the supply of ORDI reaches the 21,000,000 limit on the same day as people rush to mint. Hype begins on Twitter, with new tokens created (PUNK, DOGE, etc.).30,000 new Ordinal inscriptions are minted on the Bitcoin network in a day – a new record. Bitcoin transaction fees spike from $2 to $2.90. May 5: UniSat made its BRC-20 indexing tool open-source. This makes it much easier to build new marketplaces, data aggregators, and other tools for BRC-20.May 7: 400,000 new Ordinals inscriptions are minted in one day. Bitcoin transaction fees skyrocket to $19.400,000 unprocessed transactions accumulate in the Bitcoin mempool queue, causing Binance to halt BTC withdrawals. Credit: @dgtl_assets via Dune AnalyticsMay 8: Gate.io lists ORDI, MEME, PEPE, VPMX, and BANK, becoming the first-ever CEX to feature BRC-20.BTC transaction fees exceed mining rewards (6.25 BTC per block) for the first time in history.The average transaction fee rises to $30 for the first time since April 2021.May 9: BRC-20 market cap reaches $1 billion.May 15: Total Ordinals fees reach $35 million.BRC-20 Market: Top Tokens, Marketplaces
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