BTC
by BSCN
May 16, 2023
By offering a trading platform that provides real-time transactions and liquidity pool services, BBEX aims to enhance liquidity within the expanding BRC-20 token ecosystem.
The explosion of BRC-20 tokens has certainly driven the activity and emerging value of the BTC network, but new problems have come along with it.
With more and more tokens and users on the BTC ecosystem, the disadvantages of the Bitcoin network will gradually be exposed, which include long-term stop time, high miners' costs, and network congestion.
Therefore, the trading market for BRC-20 tokens is also bound to give rise to a large number of on-chain trading products, namely the Ordinal-based Swap application.
A few days ago, BISOSWAP, which had the same concept, opened MINT, and participated in 182 Bitcoin. This is enough to explain the popularity of the BRC-20. At the same time, according to the official website of BBEX, BBEX completed 2.5 BTC MINT for the first time in only 3 minutes.
According to media sources, the batch of BRC-20 network-based exchange has been born. The trading platform is called which is the network-wide swap protocol developed based on the Ordinal protocol and provides liquidity for the BRC-20 ecosystem.
BBEX was originally created to improve the liquidity of the continuously growing BRC-20 token, which is, of course, a pressing issue in the development of the BRC-20 ecosystem.
According to official information, the BBEX protocol will provide the LP transaction liquidity pool and real-time transactions for the entire BRC-20s token market. It will also solve the problem of complex BRC tokens.
In addition, the BBEX protocol will be the first attempt to bring the BTC network into LP mode, bringing a richer trading experience to users while also helping them diversify their use of BRC-20 assets.
As we all know, one of the core attractions of the BRC-20 concept token is that "the token is completely fair-launched, with no dealer".
So, in the long run, what the BRC-20 concept token needs is not a large number of shelves on decentralized exchanges, but access to a more convenient way to trade on-chain.
In short, the BRC-20 ecology has already started to generate a large amount of demand for Swap, and in the future, as the BRC-20 concept tokens blow up, user demand for BRC-20 ecological layer Swap will also show explosive growth.
As a pioneering product on this track, BBEX will also receive a strong influx of traffic and room for development in the future. When the BRC-20 track starts to grow explosively, BBEX is the next uniswap.
Stay updated with BBEX via the following links:
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