"BRC-20 Tokens: The Future of Crypto?"

[Coinpedia Fintech News]

BRC-20 tokens, the new type of NFTs created on the Bitcoin blockchain, have gained significant momentum within just two months of their launch, with a market capitalization of over $300 million. ORDI, PEPE, PIZA, MEME, MOON, PUNK, DOMO, OSHI, XING, and SHIB are among the 13,000 tokens in circulation, with the top tokens accounting for 86.55% of the total market cap.

Pepe, one of the top BRC-20 tokens, has a market capitalization of around $17.6 million. The last trading day recorded nearly 400K transactions, with average fees of more than 245 BTC, according to Dune Analytics. As a result of the surge in demand for BRC-20 tokens, the Bitcoin ecosystem is experiencing high demand for block space, as per Glassnode data.