WEB3
by BSC News
May 16, 2023
The decision to introduce this marketplace stems from the rapid growth of BRC-20 tokens, including meme coins like PEPE.
Cryptocurrency exchange, OKX, launched the Ordinals Marketplace on OKX Wallet, making it the first multichain wallet to support BRC-20 trading.
This move is a response to the exponential growth in market capitalization for BRC-20 tokens, particularly meme coins like PEPE, and follows the recent news of Binance, the world's largest cryptocurrency exchange, announcing its NFT marketplace would support Ordinals trading.
The newly introduced Ordinals Marketplace enables users to mint and trade Bitcoin Ordinals and BRC-20 tokens seamlessly. By incorporating Ordinal support and BRC-20 compatibility, OKX aims to position itself as a key player in the evolving web3 landscape.
Furthermore, OKX has announced a partnership with UniSat, an open-source Bitcoin wallet, to develop a cross-verification process for BRC-20 transactions indexed on the BTC network. This collaboration aims to enhance the security and transparency of BRC-20 transactions, providing users with increased trust and confidence in the platform.
Recently, The number of daily Bitcoin transactions hit a record high, reflecting the increased activity in the blockchain space. The surge in blockchain activity has recently resulted in a steep rise in Bitcoin transaction fees.
According to data from Dune Analytics, over $9.4 million in fees have been charged on May 10. Further, the market capitalization for BRC-20 tokens has exceeded a total value of $5 billion in recent days, according to Coinranking, indicating the growing interest in this sector.
Related News
Latest News
14h : 38m ago
Weekly Article Recap: 9/02-9/06
September 6, 2024
Aptos Welcomes Brevan Howard, BlackRock, and Hamilton Tokenized Funds by Libre
September 6, 2024
Magic Eden Launches New US Domain, Separates Services for US and International Users
September 6, 2024
Pavel Durov Criticizes French Authorities Over Telegram Charges, Hints at Market Withdrawals
September 6, 2024
Changpeng Zhao Permanently Barred from Binance Management But Retains Power: Binance CEO
September 5, 2024
What is SNAXchain by Synthetix?
September 5, 2024
Angel Drainer Resurfaces: New Phishing Toolkit AngelX Deploys 300+ Malicious dApps
September 5, 2024
Injective Launches World’s ‘First Ever’ Tokenized Index for BlackRock's BUIDL Fund
More News