OKX has recently launched a new explorer that will encompass Bitcoin's new BRC-20 tokens. These tokens are becoming increasingly popular within the cryptocurrency market and the explorer will allow users to gain more visibility and insights of how these tokens are being traded, their stats and the trends behind them. In order to do this, OKX has partnered up with Unisat crypto wallet and have already developed infrastructure for BRC-20 and ORC-20 including wallets, markets, liquidity swaps, and an explorer.

The BRC-20 tokens have caused an increase in the Bitcoin network that is hard to ignore. For example, on May 7th, the daily minting fees on BRC-20 reached an all time high of 247 BTC and the transaction fees on Bitcoin surpassed the 400 BTC mark, a remarkable 18-fold increase from a mere month ago. The market capitalization of these tokens have also soared to reach $541 million to date and with 14,079 BRC-20 tokens being listed, this indicates just how popular these tokens have become.

The story of the first BRC-20 token, ORDI, shows just how much potential this standard has. The token was created as a simple meme to demonstrate the power of the BRC-20 standard and to this day it remains the market leader having gained 40% in just 24 hours and reaching the $14.9 mark. It is clear that these tokens have taken over the Bitcoin network and they are only continuing to grow in the crypto world, with more and more projects moving over to BRC-20 as Ethereum's popularity increases.

OKX, in conjunction with Unisat and others, have created a powerful infrastructure for BRC-20 tokens and have set us up for a successful future. With the addition of the new explorer, users can gain further insight into the token trends and get a better understanding of how these coins are being traded. This can be very valuable for those looking to make informed decisions about their investments, for traders and for those just wanting to keep up to date with the cryptocurrency market.



Other News from Today