Article author: Peng Yong & Block unicorn

A week has passed since I last wrote an article. Now there is information about BRC20 everywhere, and the market is becoming more and more greedy. In this article, we will introduce various RC20 and trading tools, such as SOL20, SRC20.......

On Tuesday this week, Binance launched the second BRC20 (inscription) token, SATS, which revitalized the entire BRC20 ecosystem and brought positive signals for the further development and market performance of BRC20 tokens. He Yi, co-founder of Binance, also said in the live broadcast: "To be honest, we still have room for improvement in every aspect. Specifically, we have a dedicated team responsible for iteration in product development, such as the Web3 wallet issue that everyone often mentions. Our previous investment in some areas was indeed insufficient, but we will continue to optimize and improve according to user needs."

As Binance did not provide adequate support for BRC20 in terms of wallets, it lost its early competitive advantage. In May of this year, when BRC20 was in its early stages, OKX announced that it would join the construction and strengthen its wallet support for BRC20. Dune data on December 13 showed that the total transaction volume on the Bitcoin network Ordinals protocol chain was close to US$920 million, and the OKX Web3 wallet accounted for about 88% of the market share. Binance currently launched ORDI and SATS to show the market that they actually attach great importance to supporting BRC20.

The BRC20 ecosystem and tokens continue to gain support from two major exchanges, Binance and OKX, which indicates its future potential. Binance continues to list BRC20 tokens, which can make BRC20 more widely recognized and liquid. With the support of other mainstream trading platforms or wallets, the ecosystem and influence of BRC20 will be further expanded, attracting more attention and providing more opportunities for investors and participants.

How to participate?

To participate in early markets and opportunities, you need to know more tools and basic knowledge to reduce your trading risks. The well-known BRC20 is a protocol built on the Ordinals protocol, and there are many RC20 protocols based on Ordinals.

Basics

Today, we will use the most popular way to understand all the protocols based on Ordinals. In addition to BRC20, there are ARC20, IERC20 (Ethereum), CBRC20, SOL20 (Solana), DRC20 (DOGE), ASC20 (AVAX), ORC20, LRC20 (Litecoin), TRC20 (Wavelength), SRC20 (only supports Bitcoin addresses starting with 1), Ethrunes (Ethereum Runes), including many public chains based on Ordinals’ new RC20 protocols, etc., and more will be added in the future, too many to be fully counted.

There are so many BRC20 protocols based on Ordinals. You don’t need to understand all of them, and it is impossible to understand them all. You just need to understand the underlying nature of these protocols so that you can have a certain basic understanding of the whole situation.

They are essentially the same as the underlying BRC20, and they also issue tokens, NFTs, domain names, bills, stamps, etc. by transferring 1 satoshi and writing identification information in the transfer note box (the smallest unit of Bitcoin is 1 satoshi/1 Satoshi, and other RC20 protocols also issue tokens through the smallest unit of L1 chain tokens), and identify the identification information in each unit through the indexer (you can go back to the previous article "New Wave of Bitcoin Ecology: The Present and Future of BRC20" to understand the underlying nature of BRC20).

The difference between them and BRC20 is that they have made some modifications based on the foundation, such as simplifying information and reducing byte data, shortening token naming, enhancing the efficiency of indexers, and increasing protocol security, etc. Just like some public chains are designed to enhance TPS, some are designed to be more secure, and some are designed to increase the flexibility of contract coding.

In this article, we will not explain and analyze the differences in details in depth. This is just to give you a basic understanding. The following content will progress from shallow to deep.

BRC20 Tools

The importance of tools in human life cannot be ignored. They not only greatly improve efficiency. In the Web3 environment, we must understand wallets, trading platforms, and data platforms, which can help us manage our funds and make better trading decisions.

wallet

1. OKX Web3 Wallet

The most used wallet for BRC20 transactions now supports not only BRC20 and ARC20 transactions and the issuance of tokens, NFTs, and domain names, but also the RC20 protocol for running smart contract public chains. The wallet with the best trading experience is the OKX Web3 wallet, which is also very happy to help some BRC20 protocols solve problems free of charge, thereby improving the technical level of the industry. The OKX Web wallet is very friendly to novice users, and risk warnings will automatically pop up when browsing unknown web pages.

Download link: www.okx.com. Currently, the OKX Web3 wallet supports BRC20 and SRC20 based on the Bitcoin network (this protocol only supports bit addresses starting with 1, not bc1). Although SRC20 is supported, it is not yet displayed on the OKX wallet front end. In terms of language support, the mobile terminal supports Chinese, and the web terminal supports 21 mainstream languages.

Trading market function: Both the mobile and web versions of the OKX Web3 wallet have built-in functions for trading and issuing BRC20 tokens, NFTs, and domain names, and the OKX Web3 wallet also has good trading depth in the BRC20 market.

2. Unisat Wallet

The OG wallet in the BR20 ecosystem was the first to support the BRC20 protocol, opening up a new avenue for the industry. Unisat DEX still requires sufficient points to use the new function, just like in April and May this year. Now users need 400 points to use DEX.

Download link: https://unisat.io/, currently supports BRC20 and SRC20 (trading SRC20 tokens requires switching to addresses starting with 1 in the wallet settings), but there is no mobile wallet, only a Google browser plug-in wallet.

Trading market function: Unisat’s computer web version has built-in functions for trading and issuing BRC20 tokens, NFTs, domain names, etc. The transaction depth of BRC20 is second only to the OKX Web3 wallet.

Summary: For transactions and issuance of BRC20 tokens, NFT domain names, etc., using OKX Web3 wallet and Unisat can almost meet the needs of all users. For assets such as CR20 tokens and NFT issued on smart contract public chains (ETH SLO AVAX, etc.), you can use OKX Web3 wallet.

3. Atomical Wallet

Atomical Wallet is the best wallet that supports the ARC20 protocol (Atomicals Protocol). There is currently no mobile APP, only a Google browser plug-in wallet, and there is no built-in trading market on the web.

Download Link:
https://atomicalswallet.com/

4. Unielon Wallet

Unielon is a plug-in wallet that supports the DRC20 protocol. Currently, it only has a web version and no mobile app. DRC20 refers to the RC20 protocol issued by DOGE (Dogecoin).

Download link: unielon.com

Trading market function: Unielon’s official website has the function of trading and issuing DRC20 tokens, NFTs, domain names and other asset types. Trading is as simple as Uniswap, and supports adding LP (liquidity) trading pairs, candlestick charts, and data analysis.

When users want to trade in DRC20, they need to convert their wallet Dogecoin (DOGE) to WDOGE in the -Wdoge- trading interface before they can trade. After the conversion, they can trade DRC20 tokens in the -Conversion- section.

Summary: Atomical Wallet only supports ARC20 protocol (Atomicals Protocol), which we will introduce later. Dogchain also has other wallet tools, which I have not used myself, so I did not write them into the content (if there are still many things you don’t understand, you can follow our public account Block uniocrn and join the community).

Trading Platform Tools

Below I will introduce the RC20 trading tools one by one. Since the above wallets cannot do what these tools can do, we need a better combination of tools.

ARC20 Marketplace

1. Atomical Market is a trading platform that provides ARC20 tokens and NFT transactions. You can mint tokens by entering the token name in the search box. The full name of ARC20 is Atomicals Protocol (also known as ATOM), which is based on the Bitcoin network.

Link: atomicmarket.com

SRC20 Trading Market

1. Stampscan, which supports trading and issuing tokens, and querying the holding distribution data of the top 100 tokens. Its trading volume depth is slightly lower than Openstamp.

Linkwww.stampscan.xyz

2. Openstamp is the platform with the best trading depth for SRC20 tokens, NFTs, and stamps. It supports ARC20 token trading and issuance, NFTs, and stamps.

Link: openstamp.io

ASC20 Trading Market

1. Avascription is a trading market on ASC20. ASC20 is a protocol developed on the AVAX chain. Although the public chain RC20 can be supported by the OKX Web wallet, Avascription is needed in the trading market to help us find ASC20 tokens, balances, transfers, minted tokens, and trade and issue ASC20 tokens.

Link: avascriptions.com

SOL20 Market

1. Tensor trade is an NFT trading platform on the Solana blockchain network that supports both SOL20 tokens and NFT transactions.

Link: tensor.trade

2. Magiceden is Solana's strongest NFT trading platform. You can switch to Solana on the web page to see SOL20's NFT and token transactions. In addition, Magiceden also supports BRC20 NFT transactions.

Link: magicden.io

IERC20 Market

1. IERC20 is the RC20 protocol of the Ethereum network. You can trade IERC20 tokens, mint tokens, and issue tokens on their official website.

Link:ierc20.com

ETHs Trading Market

1. Facetswap is a decentralized DEX based on ETHs, similar to Uniswap's DEX. When trading, you need to convert ETH into FETH. You can see the Bridge button in the upper right corner of the webpage. Enter the interface to convert ETH into FETH.

Link: facetswap.com

2. Ethscriptions can trade NFTs of ETHs, and the experience is very bad.

Link: Ethscriptions.com

3. ETCH, you can trade tokens, NFTs, and domain names on this platform. It is also an Ethscriptions indexer and an IDO platform for ETHs.

Link: www.etch.market

Ethrunes Market

1. Ethrunes is the RC20 trading market on Ethereum, they like to call it Ethereum runes. Link to Little Fox Wallet or OKX Web3 Wallet to directly trade, mint, and issue tokens.

Link: ethrunes.xyz

TRC20 Trading Market

1. Trximarkets is a TRC20 trading market developed based on the TRX network, supporting the trading, minting, transfer, and issuance of TRC20 tokens (this platform has a relatively high risk).

Link: Trximarkets.com

Summary: CBRC20 transactions are very cumbersome. You need to enter the Discord community to create a buy order. When selling, you can use Runex.tech, which is a very poor experience. ORC20 currently has no trading market. LRC20 (Litecoin) is not introduced because too few people use it.

Data Tools

In this imperfect market, there are few data platforms available, and the data platform with the most data tools is the BRC20 ecosystem's data platform.

BRC20 Data Tools

1. www.brc-20.io, BRC20 OG data platform. You can query the BRC20 token market value, 24-hour token transaction volume, address balance, and a built-in DEX (decentralized exchange).

2. www.geniidata.com, which has comprehensive functions. You can check the newly launched tokens, address balances, NFTs, minted tokens, videos, SVGs, voices, and indices of BRC20 and ORC20. In addition, you can also issue tokens, NFTs, videos, etc. through this data platform.

Summarize

The initial trading tools of the BRC20 ecosystem have taken shape, and with subsequent iterations and updates, functions such as DEFI liquidity mining will be further improved. This will promote the application of BRC20 in the Bitcoin network ecosystem and provide users with a richer trading experience.