Bitcoin Ecosystem Daily (9.9) | Fractal’s computing power increased significantly after the mainnet went online; Merlin’s first half report shows tha
Please note: All content is only shared for scientific purposes. Xverse wallet is not associated with any project. Please do your own research (DYOR).
Daily BTC Ecosystem News Explosion - Thanks to Ordinals World @OrdzWorld for providing wonderful content!
● Fractal mainnet is online, computing power increased greatly
● Merlin released the first half report
● Bitmap in-depth report, BitmapGame Easter egg event 100,000 u airdrop
Ordinals inscription section:
● BTC ecological in-depth report Bitmap
1. Bitmap protocol development Bitmap is a decentralized, non-VC pre-sale project dedicated to the construction of infrastructure for the Bitcoin ecosystem. Since July, the Bitmap protocol @blockamoto has launched the ATLAS operating system to support the development of the Internet on the chain, allowing users to build permanent assets such as virtual real estate and billboards on the Bitcoin chain through inscriptions, block numbers, etc. Its core functions include a launcher and browser, which enable users to create and update on-chain data and promote the development of the Bitcoin metaverse.
2. Data and market performance As of 2024, Bitmap has a market value of $28 million and more than 40,000 addresses. Although the price has fallen by more than 90% in the bear market, the community activity has remained stable. In particular, since February 2024, Bitmap has supported cross-chain staking, which has driven an increase in trading volume.
3. Bitmap vs. DMT The DMT theory (digital matter theory) believes that data on Bitcoin can be reused and generate value. Although DMT was inspired by Bitmap, the two communities disagree on the positioning of the underlying protocol. The Bitmap community believes that it is a more underlying protocol that can include DMT.
4. Bitmap Ecosystem Projects The Bitmap ecosystem includes a large number of decentralized projects, which are divided into two ways of playing: directly holding Bitmap NFT and investing in ecological projects. Core projects include: - Bitmap game@BitmapTech: a metaverse platform that supports social, mining and NFT staking - Bitmap land: allows users to build their own virtual world to showcase projects or culture - Foxxi Bitverse: a metaverse shooting game based on the Tap protocol - PatoshiPunks: a hand-painted PFP series, which has established a metaverse experience on Bitmapland
5. Current Problems and Future Development At present, Bitmap has problems such as insufficient organization, inconsistent standards, and lack of unified entry. In the future, the sustainable development of the Bitmap ecosystem should be promoted by establishing a DAO organization, unifying standards and entry points, improving the coordination and scale effect of the ecosystem. A rare article that systematically introduces Bitmap recently, with more data and details in the original text. by@wu_xianbin
Runes Rune Section:
● Top Runes interface upgrade, new top rune filter. Filter by market value, trading volume, traders and holders. Quickly filter to find the next rune. @MEonBTC
● Pups official standard transferred to Rune.
HOLDERS OF BRC-20 TOKENS CAN MIGRATE TO RUNEs USING ORDKITS (DIRECTLY ON BITCOIN). HOLDER OF WRAPPED BRC-20 TOKENS ON SOLANA CAN MIGRATE TO WRAPPED RUNEs USING RUNEMINE (DIRECTLY ON SOLANA). DEADLINE 11/5/2024, APPROXIMATELY 2 MONTHS.
BRC20 SECTORS:
● $Sats $Ordi performed strongly, maintaining a market cap of over $500 million even during market corrections.
● Once Brc-20 is activated on block 21000, users will be able to seamlessly swap Fractal @fractal_bitcoin for Brc-20 assets via PizzaSwap. BTC can also be bridged to Fractal and back using the Brc-20 standard. Fractal is ready to bring native Bitcoin assets into the Fractal ecosystem.
ARC20 Blocks:
● The origin of Runes is because of Casey’s reference to Atomicals.
This friend may have said something a bit too radical, as Casey himself said. Mempool founder mononfat also responded to this, which can be seen clearly on the chain.
BTC L2/Pledge/Sidechain Section:
● Bitmap’s first phase event Easter egg will airdrop BTC worth 100,000 US dollars.
@BitmapTech will airdrop BTC worth 100,000 US dollars to all those who participate in the event with BitmapToken and MERL 1. For participating in the first phase of the event, we will give you a reward of 110% (first loss) + 200% (daily loss) for your BitmapToken loss. This is free for free at 0 cost. 2. If you put MERL into the pool, you will receive the income of all users consuming BitmapToken every second, and you can eat rewards/take the income of the pool at the same time. 3. Wait until 9/19 to airdrop to all participants, a total of 100,000 US dollars. Jeff added: This is only the first phase of Bitmap (4.2 million BitmapToken and 100,000 u), Bitmap will have 7 phases in the next two months. Other airdrops in the Merlin ecosystem are also incoming...)
● Merlin's first half report, Merlin Chain will become the largest Layer 2 of Bitcoin in 2024.
Market Performance: Merlin Chain @MerlinLayer2 @BitmapTech became the largest Layer 2 of Bitcoin in 2024. Six months after the mainnet was launched, the total value locked (TVL) reached $1.2 billion, with 1.9 million unique addresses and 12.7 million transactions, and the market activity was extremely high.
Fund and Asset Management: TVL has grown rapidly to $1.2 billion, and the market value of M-BTC has reached $1.2 billion, demonstrating strong community drive and market demand.
Bitcoin Native Asset Support: By supporting BITMAP, BRC-20, etc., the transaction volume of Bitcoin native assets is close to $2 billion, and the liquidity is $78 million.
Major Bitcoin liquidity hub: Cross-chain bridging $16 billion of Bitcoin, supporting spot, perpetual contracts and cross-chain yield generation, with a total transaction volume of over $1 billion.
dApp Ecosystem: More than 200 dApps have been attracted, covering BTCFi, DeFi, Metaverse and other fields, promoting the development of Bitcoin ecology.
Token Economic Model: $MERL tokens adopt a fair distribution model, 20% of the tokens are allocated to the community, and the release will be gradually reduced in the next two years to ensure long-term stable growth. In general, Merlin Chain has made breakthrough progress in the first half of the year, and will continue to expand users and ecosystems in the future and maintain strong development.
● Dotswap will soon support $FB transactions.
● MerlinSwap provides Zoomdog rug healing packs
Those who hold 1 $MP or 1 $MERL during the incident can fill out the application form. by @MerlinSwap
Other/Early/Airdrop Sections:
● SpiderPool mined the first block.
● Mint @FracTokenMiner has been started.
Total Supply: 3333
Minting Price: Free (It is actually impossible to set the minting price to 0.00000 on Ordzaar, so it is set to 0.0000069)
BTC Events/Data Section:
● ETF Thursday, September 5th Net outflow of $203 million. Total cumulative inflow of $20.215 billion.
● Japan's largest power company, Tokyo Electric Power, is using surplus energy to mine #Bitcoin.
● Michael Saylor on CNBC says #Bitcoin will get $13m.
9/9 Market Price Change Section:
● Ordinals Collection
@OrdinalMaxiBiz: 0.153BTC
@lepuppeteerfou: 0.008BTC
@ninjalerts: 0.14BTC
@nodemonkes: 0.125BTC
@QuantumCatsXYZ: 0.234BTC
@BitcoinFrogs: 0.033BTC
@blockamoto: 0.00055BTC
@goosinals: 0.0034BTC
● BRC20 Inscription
$ORDI: $28.2
$ETHS: $0.95
$SATS: $0.00000031
$RATS: $0.00010
$PIZZA: $4.08
Up 1% from yesterday, with a total market value of 1.69 billion
● ARC20 Atom
$ATOM: $0.95
$QUARK: $0.00130
$SOPHON: $0.001
$ELECTRON: $0.0037
$INFINITY: $0.001
Down 2% from yesterday, with a total market value of 49 million
● Runes Rune
$DOG: $0.00026
$RSIC: $0.0026
$PUPS: $0.041
$BILLY: $0.011
$LOBO: $0.00063
Down 0.5% from yesterday, with a total market value of 642 million
● L2 Layer 2
$MERL: $0.232
Up 6% from yesterday, with a total market value of 84 million
OW @OrdzWorld organizes the latest and key information of the BTC ecosystem every day. The Ordinals World (OW) team is based in Singapore and has made strategic layouts in multiple Web3 fields, focusing on the BTC ecosystem as well as L2, Defi, Gamefi, AI, Metaverse and other fields.
Xverse is the preferred wallet for the Bitcoin ecosystem, providing a smooth asset management experience and supporting Runes/Ordinals/BRC20/Rare Satoshi/STX and other assets. @Xverse_CN
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
VeChain Revolutionizes NFT Access with Free PofP Badge Tool
21Shares Polkadot Trust Hints at ETF Possibilities for Investors
ETH breaks through $3,400
Flockerz Vote-to-Earn ICO Raises $7.4 Million – Next 25x Crypto Gem?