Ethereum R1 is a new donation-funded, tokenless Layer 2 rollup designed to offer a decentralized, censorship-resistant, and governance-minimized scaling solution for Ethereum

The S&P 500 rose 0.63% Thursday, boosted by strong Meta and Microsoft earnings, but futures slipped Friday as investors awaited the April jobs report and weighed Apple and Amazon tariff concerns. Gold fell to $3,235 as easing trade tensions cut safe-haven demand; markets await US jobs data for rate cut signals. The Coindesk Indices, which tracks the broader crypto market, rose 2.19%, with Bitcoin and Ether up 2.57% and 2.60%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is AR, which gained 16.8% following CloneX's successful migration to Arweave, sponsored by ArDrive.

Arweave (AR), founded in 2017, is a decentralized network for permanent data storage, using blockweave and Proof of Access to ensure long-term accessibility. It offers 200-year storage for a one-time fee, incentivized by AR tokens for miners. The system connects blocks efficiently to preserve and retrieve data, aiming to create a lasting digital knowledge repository. CloneX has successfully 

 to Arweave for permanent storage, with the support of ArDrive, which sponsored the migration of 100 GB of data. The process is nearly complete, with only Animus remaining to undergo decentralization.

Check out the latest prices, charts, and data of 

 is a new donation-funded, tokenless Layer 2 rollup designed to offer a decentralized, censorship-resistant, and governance-minimized scaling solution for Ethereum. Built on open-source code and the Nethermind Surge stack, it emphasizes credible neutrality, public good funding (with all fees burned after 2030), and infrastructure that remains free from VC control or centralized dependencies.

Yesterday, BTC spot ETFs saw $71.1M in total inflows, with $16M from GBTC and $55.1M from other ETFs.

 $BOOP tokens to active Solana memecoin traders and creators who promote memecoins or Solana dapps on X. To claim, users must connect their Solana wallet or X account and launch a free token. The airdrop arrives in 30 days, but growing the token’s market cap can accelerate the reward.

Beginner

3.png

Ethereum R1 offers a decentralized rollup solution for Ethereum

This article dives into Bitcoin liquid staking protocol Lombard Finance, how LBTC works and how you can stake LBTC through Bybit Web3.

Bitcoin stands as the undisputed giant of the cryptocurrency space, commanding the largest market capitalization. Yet, much of its potential remains untapped, often sitting idle as a store of value rather than actively participating in the thriving 

 ecosystem. Lombard Finance aims to change this narrative by unlocking Bitcoin's utility and integrating it seamlessly into DeFi.

Lombard is built upon Babylon, the innovative Bitcoin staking protocol, and is incubated by Polychain Capital. Lombard’s flagship product, 

 (LST) for BTC. This article explores what Lombard Finance is and how LBTC works, and describes the Lombard ecosystem and how you can stake LBTC through Bybit Web3.

 is a liquid staking protocol that focuses on transforming 

's role in the digital economy. Its core mission is to evolve BTC from simply being a store of value — also viewed as 

 — into a productive asset that actively generates yield and participates within DeFi. Currently, a significant portion of Bitcoin's

 sits idle, lacking the native staking capabilities or cross-chain composability seen with assets such as 

Lombard Finance addresses this shortcoming by building on top of 

, a protocol that supports BTC staking without needing 

 or custodians. Babylon allows Bitcoin's economic weight to secure other 

 (PoS) chains and applications, creating a new yield source for holders. Lombard leverages this foundation to offer LBTC, making staked BTC liquid and usable across the DeFi market.

Lombard’s goal is ambitious: to channel Bitcoin's vast liquidity into DeFi. This could potentially double the ecosystem's 

 (TVL) if even a fraction of available BTC is introduced. Lombard believes this integration will catalyze significant growth and create more sustainable market dynamics by making BTC a core, yield-bearing primitive within DeFi.

Founders and investors of Lombard Finance

Lombard Finance was founded in April 2024 by a team with deep expertise within DeFi, drawing talent from established crypto projects like Polychain, Babylon, Argent, Coinbase and Maple. This collective experience underpins the protocol's design and strategic direction.

The project was notably incubated by Polychain Capital, a prominent crypto investment firm that also led Lombard's $16 million seed funding round (which was 

 in July 2024). This round saw participation from a wide array of significant players in the crypto space — including Babylon, dao5, Franklin Templeton, Foresight Ventures, HTX Ventures, Mirana Ventures, Mantle EcoFund, Nomad Capital, OKX Ventures and Robot Ventures — thus highlighting broad industry confidence in Lombard's vision. Strategic partnerships and contributions from exchanges like

 and Bitget are further bolstering its distribution and liquidity aggregation efforts.

LBTC is Lombard Finance's flagship product — a liquid staking token (LST) that represents Bitcoin staked through the Babylon protocol. Designed as a universal liquid BTC standard, LBTC is fully backed 1:1 by native Bitcoin, ensuring its value is directly tied to the underlying asset.

The token is yield-bearing, capturing rewards generated from securing PoS networks via Babylon staking. Crucially, LBTC remains liquid, meaning holders can freely use it across various DeFi applications — such as 

 and automated vaults — without sacrificing their underlying staked positions or associated yield.

LBTC is also designed for cross-chain compatibility, natively minted on supported blockchains like Ethereum, Base and Sui and using secure infrastructure [such as 

]. This avoids the risks associated with traditional bridging or wrapping methods, thus aiming to provide a more secure and seamless way to utilize Bitcoin across the multichain DeFi ecosystem.

Lombard Finance simplifies the process of putting Bitcoin to work within DeFi through its LBTC token. The mechanism is designed with security and user experience in mind, leveraging the Babylon protocol and a robust Security Consortium.

The core benefit of LBTC lies in its ability to unlock multiple layers of value simultaneously. Holders earn native yield from Babylon staking, potentially accrue additional rewards (such as Lombard Lux points) and gain access to diverse DeFi yield opportunities, all while maintaining the liquidity of their Bitcoin position. This transforms BTC from a static asset into a dynamic, yield-generating component of the DeFi ecosystem.

Lombard Finance is actively building a wide LBTC ecosystem that already boasts over 75 DeFi integrations. Security is foundational, anchored by the 14-member Security Consortium (including prominent names like Galaxy and OKX Ventures) and validating all critical operations alongside audits and bug bounties.

Core infrastructure relies both on Babylon for staking, and on the Chainlink CCIP for secure cross-chain movement, with EigenLayer integration 

. LBTC integrates with leading DeFi applications across lending platforms (e.g., 

) and automated vaults. The platform supports multiple blockchains (including Ethereum, Base, Sui, BNB Chain) and 

 (L2s), positioning LBTC as a versatile cross-chain asset.

Here's how you can stake BTC on Lombard and use LBTC in DeFi and automated vaults.

Lombard Finance (via its LBTC token) offers a compelling way for Bitcoin holders to put their assets into use, earn yield via Babylon staking and gain exposure to the expansive DeFi ecosystem — all while maintaining liquidity. Incubated by Polychain Capital and supported by a robust consortium and growing partner network, Lombard is positioning LBTC as a secure and versatile liquid Bitcoin standard.

It’s easy to participate in the Lombard ecosystem through 

, you can utilize your Bybit Web3 Seed Phrase Wallet to stake BTC and mint 

, Lombard's vault token that represents deposits in automated yield strategies. This provides you with a seamless gateway to access Bitcoin liquid staking and DeFi yields.

Ready to unlock your Bitcoin's potential? 

Intermediate

lombard tutorial.png

Lombard Finance: Polychain-backed Bitcoin liquid staking protocol

The cryptocurrency market has entered a phase reminiscent of past altcoin seasons, primarily driven by Bitcoin's recent rebound to the $94K–$96K range. 

Altcoin season might have come with reviveding speculation 

The cryptocurrency market has entered a phase reminiscent of past altcoin seasons, primarily driven by Bitcoin's recent rebound to the $94K–$96K range. This resurgence has sparked renewed interest among retail traders, shifting focus from Bitcoin to smaller, more speculative altcoins. The overall market saw a 10% increase in value during the final eight days of April, contrasting with Bitcoin's 7% gain. This trend indicates a growing appetite for risk among investors, particularly in meme coins, which have seen a surge in social media discussions.

However, caution is warranted as elevated crowd enthusiasm often precedes market corrections. Historical patterns suggest that when buzzwords like "altseason" are dominating discussions, it may signal an impending price exhaustion. The current market dynamics reflect a shift toward speculative investments, raising concerns about the sustainability of this enthusiasm.

Bitcoin's bullish sentiment substantially improves

Bitcoin's position as the leading cryptocurrency has remained steady, with discussions around its price fluctuating significantly. Following a period of pessimism, when predictions dipped as low as $10K–$69K, sentiment shifted dramatically with the price recovery. Now, optimistic projections of $100K–$159K are dominating conversations, indicating a reversal in trader sentiment.

Despite Bitcoin's consistent presence in market discussions (approximately 25% of asset topics), the ratio of bullish-to-bearish commentary has grown increasingly favorable. This suggests a growing confidence among traders bolstered by Bitcoin's recent performance. However, it’s essential to monitor whether this bullish sentiment translates into sustained investment, or if it leads to overconfidence that may trigger a market pullback.

Ethere, once a robust contender in the altcoin arena, has struggled to regain retail investor confidence despite recent bullish commentary and promises of innovation from co-founder Vitalik Buterin. Its social media presence has dwindled to about 6–7% of discussions, a significant drop from previous years. This decline highlights the challenges Ethereum faces in re-establishing itself as a go-to investment in a market increasingly dominated by speculative assets.

Conversely, XRP has seen a notable increase in optimism surrounding ETF approvals, with expectations rising to 85%. This shift reflects a broader trend of institutional interest in cryptocurrencies, potentially paving the way for significant capital inflows. Meanwhile, Dogecoin's potential ETF listings have sparked renewed interest, transforming its image from that of a meme coin to a legitimate investment option. The growing dialogue surrounding institutional adoption of Dogecoin and XRP indicates a pivotal moment for these assets, suggesting they may play critical roles in the evolving cryptocurrency landscape.

Advanced

Intro to Santiment.png

Bybit x Santiment social sentiment report: Altcoin sentiment recovers despite Bitcoin’s resilience

Bybit Spread Trading allows traders to simultaneously buy and sell two related instruments in order to hedge risk or profit from price discrepancies. Read more.

Whether markets are flying high or wobbling unpredictably, one thing remains true: traders are always looking for smarter ways to 

 and find profit opportunities. That’s where Bybit Spread Trading comes in. This feature is tailor-made for those who want to go beyond basic buy/sell plays and start taking advantage of price discrepancies between related instruments. In this guide, we’ll walk through exactly how Bybit Spread Trading works, why it matters and how you can start using it today, whether you’re 

is a newly launched Bybit feature that allows users to simultaneously buy and sell two related instruments — such as Spot, Perpetual or Expiry contracts with different settlement dates — in order to hedge risk or profit from price discrepancies.

This type of trading strategy is popular among institutional and professional traders because it enables more precise, controlled market exposure. However, with Bybit’s interface, the barrier to entry is significantly lowered, opening the door for individual traders to tap with just a few clicks into a powerful set of tools.

At its core, Spread Trading on Bybit is about executing what’s called a combo trade. This means entering two positions at once: one long, one short. These positions are taken on related instruments, such as a BTC Spot trade and a BTC Perpetual contract, with the idea that their prices will either converge or diverge in a way that benefits your position.

When you place a buy combo, you’re buying the instrument with the longer expiration (the “far leg”) and selling the one that expires sooner (the “near leg”). 

A sell combo is the reverse: selling the far leg and buying the near leg. The profit (or loss) comes from how the spread between these two instruments shifts over time.

For example, if you believe the spread between a Perpetual and a Quarterly Futures contract will widen, you can buy the combo. If the spread increases after your entry, that movement becomes your profit. Bybit calculates your 

 prices automatically, based on the mark prices and your defined “order price,” so there’s no need to manually crunch the numbers.

Perhaps the most important feature here is atomic execution. This ensures both sides of your combo trade are filled together, in equal quantities, or the trade doesn’t go through at all. It removes “leg risk,” which is the danger of getting filled on one side of the trade, but not the other. In volatile markets, that alone can save you from an unwanted mess.

Spread Trading on Bybit currently supports combinations such as Spot and Perpetual, Spot and Expiry, Perpetual and Expiry, or even two Expiry contracts with different dates. This flexibility lets you build strategies that align with different market outlooks — bullish, bearish or neutral.

There’s a strong reason why Spread Trading is a go-to for many experienced traders: it allows for strategic plays that are more sophisticated than just guessing price direction. On Bybit, it’s not only powerful, but also convenient.

First, you get price certainty. Your spread is locked in at the price you specify. There’s no 

 between legs because the entry prices are automatically calculated and matched. You’re trading the spread, not the individual legs.

Secondly, the trading experience is smoother. Instead of placing two separate orders and manually trying to sync them, Bybit handles everything as a single transaction. You don’t have to worry about whether one leg gets filled and the other doesn’t — that risk is eliminated through atomic execution.

Third, this setup is a great hedge against volatility. By taking opposing positions on two related contracts, you reduce exposure to sharp price movements. Your P&L becomes more about the relative performance between contracts, rather than the market direction itself.

There’s also a strong cost advantage. Trading spreads on Bybit is significantly cheaper than doing it manually. You pay only half the trading fees you’d incur if you placed two individual trades on the order book. For high-volume or 

, that translates to meaningful savings over time.

Finally, it unlocks strategy flexibility. Whether you're 

 funding rates between Spot and Perpetual, doing 

 with different Futures contracts or taking advantage of price convergence before expiry, this platform gives you the tools to execute those ideas efficiently.

How to get started with Bybit Spread Trading 

Now that you have a better understanding of how Bybit Spread Trading works, let’s look into how to get started. Please note that you’ll need to have a Bybit account in order to proceed. If you don’t already have one, please check out our 

 for more information on how to create a Bybit account.

: Log in to your Bybit account and hover your cursor over the 

: The available spreads are organized in a grid, with each tile representing a unique combo. Choose your preferred combo to trade.

Tiles with a border around them signify that Spread Trading offers a better price. Hover over a tile for more details, or use the bar at the bottom of the grid to explore more options.

On the order placement page, set up your order with the following parameters:

to place your order. A pop-up window will appear for you to confirm your order details. Then, click on 

Congratulations — you’ve successfully placed an order!

You can view your Spread Trading orders from any trading page (Spread Trading, Spot and Futures), as they all share the same order data.

 to view your active orders. You’ll be able to view the combo, underlying asset, order price and more. 

If you would like to adjust your order parameters, you may click on the pencil icon under 

. To cancel your order, simply click on the order’s corresponding 

to view your completed orders. To view each order’s information on each leg, click on the order’s corresponding 

button. For additional insights, click on 

Spread trading isn’t for everyone — but if you’re someone who enjoys strategic trading, hedging or arbitrage, it’s a tool worth adding to your arsenal. It appeals to traders who are less interested in taking a directional bet, and more focused on capitalizing on inefficiencies in the market.

You don’t have to be a pro trader to benefit, either. The simplified execution and intuitive UI mean even intermediate users can explore advanced strategies without being overwhelmed. As long as you understand how spreads work, and how your P&L is affected by their movement, you’re already halfway there.

More importantly, in times of market uncertainty or low volatility — when price action feels sluggish — spread trading gives you an alternative way to profit. It keeps you in the game — even when momentum plays aren’t cutting it.

Bybit Spread Trading is a powerful tool that combines simplicity with sophistication. Whether you're looking to hedge, save on fees or experiment with 

 strategies, it offers a clean and user-friendly way to do so. With lower risk, lower costs and plenty of flexibility, Bybit Spread Trading is a smart move for any trader looking to level up their game — especially when markets get messy.

bybit spread trading.png

Bybit Spread Trading: Smart strategies for market swings

Bybit Learn

Bitcoin

Crypto

The BRC-20 standard, a type of experimental token that uses Bitcoin’s Ordinals protocol, allows users to mint, deploy and transfer fungible tokens.

20240126-123215.jpeg

Skinny_Banner-1600x400.webp

 might be one of the oldest cryptocurrencies, but it's still going through a lot of changes. The BRC-20 token standard on the Bitcoin network, launched in March 2023 by an anonymous blockchain analyst known as Domo, has the potential to change how users interact with the blockchain. If you want to experiment with this exciting new token standard, it's helpful to understand how it works. It's quite different from other, similar token standards, such as 

, so even experienced crypto enthusiasts may become confused. To learn more about BRC-20 and understand how you can use it, we’ll explore it in this helpful guide.

The BRC-20 standard, a type of experimental token that uses Bitcoin’s 

, allows users to mint, deploy and transfer fungible tokens.

 token was developed in March 2023 by an anonymous developer, known simply as 

. As a fungible token, BRC-20 is both divisible and non-unique, and doesn’t use 

. Instead, it utilizes the Ordinals protocol implemented in January 2023 by the Bitcoin network. This unique system creates tokens that can hold information while being seamlessly compatible with the Bitcoin blockchain.

BRC-20 tokens are somewhat experimental, and users are still figuring out how to work with fungible token standards and learning all of their use cases. The tokens are currently popular for creating 

. However, since they have so many unusual features, these tokens may fulfill a very important role in the Bitcoin ecosystem. The BRC-20 standard allows users to create crypto assets that are pegged to real-world commodities, as well as decentralized finance (

, the BRC-20 market has seen a remarkable surge since November 2023, with trading volumes exceeding $500 million as of January 2024. This substantial increase in trading volume indicates a robust interest and engagement with BRC-20 tokens within the cryptocurrency market. It also demonstrates the market's positive reception, and the potential for BRC-20 tokens to evolve into a significant segment within the Bitcoin blockchain.

As of early 2024, the Bitcoin ecosystem is preparing for a significant Bitcoin Core update that’s expected to have a substantial impact on the functionality of BRC-20 tokens, which are a recent innovation on the Bitcoin network. This update is particularly noteworthy, as it addresses vulnerabilities that BRC-20 tokens, along with Ordinals, have been exploiting. The changes might alter the way these tokens are integrated and function within the Bitcoin blockchain, potentially influencing their usage, transaction methods and overall blockchain dynamics.

To learn how BRC-20 tokens work, it's essential first to understand the Ordinals system that they run on. Ordinal inscriptions are a special feature that lets people add data to 

 tokens. Named after the founder of Bitcoin, satoshis are essentially small pieces of BTC tokens. One BTC can be broken into 100 million satoshis.

Thanks to the implementation of Ordinal inscriptions, JavaScript Objection Notation (

) data can be added to individual satoshi tokens. The tokens can hold text, images and even code. When they're transferred between users, they retain this data. Any satoshi with JSON data added to it is now referred to as an Ordinal. Ordinals are 

, essentially functioning as Bitcoin NFTs.

BRC-20 takes the basic idea of Bitcoin NFTs inscribed with data and adds fungibility to the token. Each BRC-20 token is interchangeable, with the same value. However, just as with Ordinals, they can include additional data. Every BRC-20 can hold 4 MB of unique data that remains present, even after you transfer tokens.

Even though the new fungible tokens are based on Ordinals, they have their own value and purpose, independent of the value of a satoshi. Instead of being a single definitive token, BRC-20 is a type of token standard. People can build on it to create their own DeFi cryptocurrency systems, such as 

Despite their innovative nature, BRC-20 tokens face limitations to versatility as compared to ERC-20 tokens, primarily due to their non-reliance on smart contracts.

How Does the BRC-20 Standard Affect the Bitcoin Blockchain?

BRC-20 tokens have already started to impact Bitcoin’s blockchain because they add the instruction data from each token directly to it. Therefore, any transaction that involves a BRC-20 with Ordinal inscriptions adds quite a bit of block space to the network. Since the token was launched, there have been some complaints that it’s slowing the network down.

For example, on May 8, 2023, users were shocked to find a huge backlog of transactions on the blockchain, as 

 due to the excess amount of data. Furthermore, the high amount of data transfer has affected transaction fees. The network had a record-high gas fee of $30 per transaction on the same date in May.

The situation with regard to unconfirmed transactions in Bitcoin's mempool has shown improvement since it peaked in May 2023. However, as of Jan 17, 2024, the number remains substantial, with over 270,000 transactions left unconfirmed in the 

, which functions as a holding area for transactions on each Bitcoin node. 

After a transaction is verified by a node, it resides in the mempool until a miner includes it in a new block. As the mempool reaches its capacity, nodes begin to prioritize transactions based on the transaction fee, a process necessary to manage the mempool efficiently and to deter spam transactions. However, it also leads to higher transaction costs for users, as only those transactions with higher fees are likely to be processed promptly. This dynamic underscores the balancing act between efficient network operation and accessible transaction costs.

, highlights the ongoing challenge of managing transaction backlogs in Bitcoin’s network. Additionally, the mempool's memory usage has seen a significant increase, now exceeding 300 MB and reaching as high as 1.74 GB. This surge reflects the continued high demand for transaction processing on the Bitcoin network.

There are many reasons to give this type of token a try. Working with the BRC-20 token standard provides the following perks.

BRC-20 lets people create tokens that easily integrate with the rest of the Bitcoin blockchain. Since this network is one of the most trusted in the world, being able to build on it is highly useful. Furthermore, BRC-20 works with existing wallets and exchanges that support the Bitcoin network, so it's extremely convenient to start working with this new standard.

Unlike random tokens generated by independent blockchains, BRC-20 is very secure. It's backed by one of the most robust blockchains, so it's incredibly hard for malicious actors to harm BRC-20 systems. In addition, the BRC-20 standard is decentralized and relies on a proof of work (

) mechanism, which has made the Bitcoin network

The BRC-20 standard’s lack of smart contracts makes it an incredibly straightforward token. You don't have to configure smart contracts, or fulfill certain contract conditions to use the tokens. Instead of deploying token contracts, you simply buy and sell them directly, and then your wallet can read the metadata attached to the token.

For those who aren't tech-savvy, using BRC-20 can make it easy to send images or other data over the Bitcoin network. Furthermore, it's extremely easy to mint, so you can create new tokens without complex computers and large amounts of processing power.

Though the BRC-20 standard can be quite useful, it's not going to work well in every scenario. There are situations where the tokens come with some downsides.

The vast number of new Bitcoin Ordinals created in the past few months has been a problem for the Bitcoin community, and as mentioned above, processing extra Bitcoin transactions on the main chain is proving to be a challenge. Not only are transactions taking longer to finalize, but their fees are increasing. This could mean that using the BRC-20 token is too expensive and time-consuming for more extensive projects.

Despite these challenges, the rapid growth and potential of BRC-20 tokens suggest significant possibilities for future development. Innovations such as the ORC-20 standard aim to enhance BRC-20 functionalities, indicating ongoing evolution and adaptability within the Bitcoin blockchain.

Though some users like that BRC-20 is simple, the lack of smart token contracts does limit the token's functionality. People can deploy token contracts for asset management, automation, conditional transfers and network transparency. Without smart token contracts, this experimental token standard's functions are limited to more straightforward transactions.

Since these two tokens have similar names and uses, it's no surprise that BRC-20 and ERC-20 are often compared. Each one is a type of fungible token on its respective network that was designed to help create and transfer other tokens. They bridge the gap between users and the blockchain, so users can create their own projects while still enjoying the blockchain's security and convenience. Much as BRC-20 operates on Bitcoin, ERC-20 operates on the other main crypto network, 

Despite these basic similarities, there are some major differences. First of all, ERC-20 uses a smart contract system. Tokens can have a lot of complex functions and interact fully with the Ethereum network. Meanwhile, BRC-20 stores information through the Ordinals inscription system. These tokens are thus less capable of integrating with the Bitcoin network (as compared to ERC-20 tokens with Ethereum), but can hold data in ways that ERC-20 cannot.

Users also need to be aware that ERC-20 tokens are more well-established than BRC-20. ERC-20 tokens have been around for years, and are fully embraced by the Ethereum community. Many reputable cryptos and 

 run on ERC-20, which is quite reliable. In contrast, BRC-20 is a relatively new and experimental token standard, and Bitcoin users are still just beginning to understand the concept and develop potential uses for it. The limitation of not using smart contracts reduces the BRC-20 token’s ability to interact with other protocols and applications, restricting it to simpler transactional functionalities. The result is that, so far, meme token projects are the most popular use case for the BRC-20 token standard, underlining its current limitations and experimental nature.

It’s hard to tell what's next for BRC-20. Some people in the Bitcoin community are highly skeptical. Domo, the token’s creator, has previously expressed some concern about the way people are using this token standard, emphasizing that its tokens were simply meant to be an experiment in fungibility and should not be viewed as the next big gold mine for crypto investors.

There's certainly a chance that the BRC-20 craze might crash and burn. It's already causing enough problems on the Bitcoin protocol to frustrate the rest of the community, and so far, the tokens are mostly just being used for meme coins. There’s definitely a possibility that most of these coins will lose value over time, and investors will be left with essentially worthless tokens that have small, random bits of metadata attached to them.

However, the potential risk associated with these coins doesn't negate the fact that they’re very popular right now. They're still relatively new and interesting enough that a lot of users are having fun trading them. This can lead to some neat opportunities for investors. For example, PEPE has a market cap of around $508 million at the time of this writing. A wise investor could use short-term, high-risk strategies to potentially make a lot of money off of PEPE and similar BRC-20 coins.

There's also the chance that BRC-20 could expand beyond its current promise as a crypto investment. These tokens add some interesting utility to the Bitcoin blockchain. Since they can store data, they can be used to tokenize real-world assets. People could create cryptos based on everything from currently growing wheat crops to actual bars of gold. There’s also a chance that more DeFi projects could start working with the BRC-20 standard. Potential uses for them could include things like creating tokens for games, or allowing users to send personalized payments to each other. Due to the popularity of the Bitcoin protocol, more developers may soon begin working with BRC-20 tokens.

For those interested in delving into the world of BRC-20 inscriptions trading, an exciting development is on the horizon. Bybit is gearing up to launch its exclusive Inscription Marketplace. This new platform is set to make a significant entrance by initially integrating with BRC-20.

The Bybit Inscription Marketplace aims to provide a streamlined and user-friendly platform for trading BRC-20 inscriptions. This initiative reflects Bybit's commitment to staying at the forefront of cryptocurrency innovations and offering its users access to the latest and potentially lucrative trading opportunities.

With BRC-20 as the first token standard to be integrated, traders can expect a unique trading experience. This integration will not only facilitate access to a new range of digital assets, but also provide a secure and efficient environment for trading these inscriptions. As the Inscription Marketplace nears its launch, stay tuned to the official 

 for developments and be among the first to engage in this new trading venture. The integration of BRC-20 is just the beginning, and Bybit's platform is expected to continually evolve, adding more chains and offering an even broader spectrum of trading options in the future. 

with Lorenzo from UniSat and Dirk from Bybit Web3 on Jan 29, 2024, 1PM UTC.

BRC-20 is a new and exciting token standard that holds a lot of promise for the Bitcoin ecosystem. Based on Bitcoin Ordinals, these tokens let users send images, text and videos in a Bitcoin transaction. Currently, they're most popular among the meme community and short-term crypto investors. However, these fungible tokens have a lot of potential for other DeFi transactions, and savvy crypto enthusiasts should definitely keep an eye on this project.

What Is the BRC-20 Standard & How Does It Work?

Compete for 2,500 USDT Every Week

Earn Points by Completing Tasks

Event Rules

Register now and get 10 points

Write/Reply Comments (0/5)

Publish an Article (0/5)

Share an Article on Social Media (0/5)

Like an Article (0/5)

Read an Article (0/5)

Weekly Leaderboard