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Even today, members of the Bitcoin network are divided by the Ordinals and BRC-20 protocols. A large number of fans express their dislike for Ordinals. However, the protocol is doing great at the moment. Upstream, BRC-20 tokens are increasingly invading the blockchains.
The craze for Bitcoin Ordinals and BRC20 tokens continues
Ordinals and BRC-20 tokens hit the Bitcoin network a few months ago. Since then, they have a prominent place within the blockchain. In recent times especially, we see great enthusiasm for Bitcoin Ordinals and BRC-20 tokens.
On May 21st, the Ordinals Bitcoin registration count increased by 8.3 million with 24,677 new BRC-20 tokens. Together, these show at the moment market cap of $483 million.
According to Bitcoin News, over 1.3 million Ordinals registrations were issued in the last 5 days. This meteoric rise allowed miners to take advantagereward of 1448.84 BTC.
OKX, a crypto exchange to follow closely
OKX stands out as one of the largest crypto exchanges in terms of transaction volume. On May 20, it announced that it is now among the first crypto exchanges to include Bitcoin Ordinals (ORDI) in its directory.
Specifically, OKX activated ORDI deposits and withdrawals on May 20 at 10 am (GMT). Just 2 hours later, ORDI/USDT spot pair trading will start.
This initiative is an ideal solution for users who trade ORDI on decentralized exchanges (DEX). In fact, these users often experience high network charges, as well as very slow transactions. OKX is therefore the first exchange to list ORDI while offering affordable fees and fast transactions to the Bitcoin community.
In any case, one thing is certain: Bitcoin Ordinals lists and BRC-20 tokens it will continue to increase in the coming days.
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My name is Ariela and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago. But it’s a universe I’m very interested in. And the topics covered in the platform give me the opportunity to learn more. A singer in my spare time, I have a great passion for music and reading (and animals!)
The views and opinions expressed in this article are the sole responsibility of the author, and should not be considered investment advice. Do your own research before making any investment decision.