6 low market cap projects worth paying attention to on BRC-20: RWA, cross-chain bridges, lending..

Author: AlΞxWacy, Crypto Researcher

Compiled by: Feilx, PANews

The BRC-20 narrative has achieved massive growth, with a market capitalization exceeding $3 billion. Despite experiencing a brief downturn, BRC-20 trading activity remains at a high level, and this sector is expected to become a long-term hot narrative.

Additionally, with the development of BRC-20 infrastructure and the support of exchanges like Binance, not only has market liquidity been enhanced, but the importance of the BRC-20 ecosystem has also been highlighted.

As the BRC-20 ecosystem expands, a large number of interesting projects are expected to launch. This article reviews six low-market-cap BRC-20 protocols worth paying attention to, covering application areas such as RWA, cross-chain bridges, and lending (the data referenced is as of December 16). It is important to note that this article aims to provide market information and does not constitute investment advice; please DYOR.

CHAX Bitcoin (CHAX)

Chamcha is a pioneer in RWA infrastructure for the Bitcoin ecosystem and liquidity protocols for Ordinals, Atomicals, and Taproot assets, providing liquidity building and yield protocols for BRC-20 projects.

Chamcha has also created an L2 Rollup. Chamcha not only expands Ordinals and Atomicals but also extends them to a broader Bitcoin DeFi space.

• CHAX Price: $0.013
• Market Cap: Approximately $3 million
• FDV (Fully Diluted Value): $27 million

21% of the total supply is in circulation.

Related Reading: Exploring the New Prospects of Various Functional Platforms in the Ordinals Ecosystem

OrdiZK (OZK)

OrdiZK is a cross-chain bridge utilizing zk-SNARKS technology to facilitate transfers between the Ethereum and Bitcoin networks. This innovative approach allows users to fund their BRC-20 journey in a simple and anonymous manner.

OZK is the native token of the OrdiZK ecosystem, providing access to all current and future tools on the platform.

• OZK Price: $0.003
• FDV: $3.5 million
• OZK will initially launch on Ethereum and plans to expand to BRC-20.

Ordinal Tools (ORT)

Ordinal Tools is a Telegram bot that provides a bidirectional bridge for transferring between BRC-20 and ERC20 tokens.

• ORT Price: $0.01
• Market Cap: $2 million
• FDV: $2 million

99.5% of the total supply is in circulation.

Dova Liquidity Protocol (DOVA)

The Dova protocol is a BRC-30S lending protocol with an integrated MultiBit bridge that allows seamless cross-chain transfers of BRC-20 tokens. Users can use the Dova protocol on Ethereum to take out loans using the transferred tokens as collateral.

Through the BRC-30S protocol, users can access services such as lending, gaming, and NFTs across Ethereum, Binance Smart Chain, Polygon, and more.

• DOVA Price: $0.02
• Market Cap: $12 million
• FDV: $42 million

NxHub (NHUB)

NxHub is an aggregation market running on Ordinals that captures order data from platforms like UniSat, OKX, MagicEden, and OrdinalsWallet, displaying it in an aggregated manner. Users can purchase BRC-20 tokens and NFTs from various platforms and complete multi-platform listing orders.

• NHUB Price: $0.02
• Market Cap: $3 million
• FDV: $4 million

75% of the total supply is in circulation.

OrdBridge (BRGE)

OrdBridge is the first cross-chain protocol that allows users to seamlessly transfer BRC-20 tokens between Bitcoin and Ethereum. A standout feature of OrdBridge is its custom functionality in BRC-20, enabling BRC tokens to be sent to ERC and vice versa.

OrdBridge has found a way to bridge ERC (ETH) - ERC (AVAX) and native BRC tokens. After launching the "AVAX" feature, users can transfer native BRC tokens between BRC, ETH, and AVAX.

• BRGE Price: $0.1
• Market Cap: $20 million

Despite the seasonal nature of the Bitcoin ecosystem narrative, BRC-20 projects still hold significant long-term potential. A typical case is MUBI, which achieved a hundredfold growth, and other projects may experience similar growth.