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Author: Admin | 2025-04-28
And USD Coin, Uniswap’s UNI, and Shiba Inu (SHIB), were created using the ERC-20 standard. So, it’s not surprising that the market capitalization of ERC-20 tokens is currently much higher than BRC-20 tokens. As per CoinLore data, the current market cap of ERC-20 tokens is more than $600 billion. On the other hand, BRC-20 tokens have a market cap of $207 million at the time of writing, as reported on CoinGecko.When the hype surrounding BRC-20 tokens peaked in May 2023, the market cap almost hit the $1 billion mark. This hype was driven by speculation as investors traded meme coins, which make up the largest percentage of BRC-20 tokens.Furthermore, the ERC-20 token standard is used to create stablecoins, governance tokens for DeFi protocols, and utility tokens for all Ethereum-based projects. These diverse applications make the ERC-20 standard more widely adopted than BRC-20, which doesn’t yet have much utility or any governance functions. Nevertheless, the BRC-20 standard has attracted fun communities that are building tokens around popular internet memes like Pepe the Frog, Doge, and Wojak and well-known crypto terms, people, and events like Piza, Moon, Oshi, Domo, Maxi, Bull, and Sats. BRC-20 tokens are also inspired by Ordinal inscriptions such as Taproot Wizards and Bitcoin Punks. How Are BRC-20 Tokens Different From Bitcoin Ordinals?While Bitcoin Ordinals and BRC-20 tokens are generated using Ordinal Theory, the former are non-fungible while the latter are fungible. Fungibility refers to a token’s ability to be interchanged with an identical token. For instance, you can exchange 1 BTC for 1 BTC. However, a non-fungible token (NFT) cannot be traded with another NFT because it is unique and distinguishable. For example, there are 10,000 Bitcoin punks in existence, but each punk has different features distinguishing it from the rest. Therefore, you cannot trade one Bitcoin Punk for another since they are unequal in value.FAQsWhat Is the Difference Between BRC20 And BEP20?BRC-20 is an experimental standard for fungible tokens on Bitcoin. It is based on the Ordinals protocol, which uses Ordinal Theory to assign ordinal numbers to satoshis. The BRC-20 token standard was introduced by Domo, a pseudonymous developer, in March 2023. On the contrary, BEP-20 is a token standard for fungible tokens on Binance’s BNB Smart Chain. It extends ERC-20, making it compatible with this Ethereum token standard for fungible tokens. Binance launched BEP-20 in September 2020.Where Can I Mint BRC-20 Tokens?Xverse has launched Xverse Mint, a new app for minting BRC-20 tokens faster and at low fees, thanks to bulk minting. Simply choose the token you wish to create and click “Mint.” Then enter the required details and hit “Submit.”And that’s it! That’s how easy it is to mint the latest BRC-20 tokens using Xverse Mint and your Xverse wallet. Your BRC-20 tokens will appear in your Xverse wallet after the block the tokens were minted in has been mined. Where Can I Buy BRC-20 Tokens?You can buy specific BRC-20 tokens on centralized crypto exchanges such as Gate.io, XT.com, OKX, and Bitget. If your preferred
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