Bitcoin Ordinals volume dropping 65% doesn’t necessarily mean BRC-20 tokens are obsolete. Ordinals, enabling unique data inscription on Bitcoin, saw a hype-driven surge in 2023, with BRC-20 tokens like ORDI and SATS riding the wave. However, recent shifts—such as the rise of Bitcoin Runes, launched in April 2024—have outpaced BRC-20 in transaction share, suggesting evolving market preferences. While some argue BRC-20’s utility is limited without smart contract functionality, others see it as an experimental step in Bitcoin’s expansion. Market cap and liquidity remain, but declining volume reflects reduced speculative fervor, not obsolescence. Runes’ efficiency and developer backing may overshadow BRC-20, yet its role in Bitcoin’s ecosystem persists—for now. Critical observation: hype cycles fade, but utility determines longevity. (139 words)
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I just collected "Farcaster: Lion"
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Love is when you know that you’ve found your person, the one you want to spend forever with.
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