ChainCatcher news, the Layer 1 Foundation has formed a Bitcoin Developer Alliance, planning to jointly draft the BRC-20 token guidelines. This Monday, the Layer 1 Foundation announced a new governance body, focusing on ensuring trust and transparency in the protocol, which it claims is crucial for future growth.The Layer 1 Foundation was co-founded by BRC-20 creator Domo, with participation from Hiro, Alex Labs, Oyl Dynamics, Allium Labs, and UTXO Management. Additionally, Bitcoin wallet developer Unisat and Ordinals aggregator Best in Slot will jointly lead the maintenance of the BRC-20 protocol.In its resolution, the foundation members committed to achieving a series of goals, including pursuing simplicity in technical architecture, adopting a security-first approach when changing the protocol or its indexers, promoting mutual discussions, considering the community in the pursuit of developmental changes, and making protocol-level changes open source.

ChainCatcher news, OKX CEO Xu Mingxing stated on his personal social platform: "As a trading platform, if we adopt the simplest strategy, that is, to list all tokens, it may help the trading platform make more quick money, but it will harm the market. OKX's long-term philosophy includes building infrastructure, not doing evil, being as transparent as possible, and always being technology-driven. The five principles for listing tokens include:Whether the token is driven by blockchain technology and products;The popularity of the token in the community;Whether the project founders and investment team are long-term builders;Legal and compliance review;Not accepting pitches, but selecting projects from the market based on our research."

ChainCatcher news, according to Etherscan monitoring, 95% of the transaction activity on major EVM chains in the past few weeks has been inscription transactions.In this regard, it was also mentioned that BRC-20 tokens (text inscriptions) gradually gained attention in April 2023. Inscriptions were originally a way to create tokens on Bitcoin. This is a process of "engraving" data (text, images, videos, etc.) onto each satoshi—the smallest unit of Bitcoin.

ChainCatcher news, according to OKX Web3 wallet data, the price of the BRC-20 token DRAG has reached 0.042 USDT (100 sats), with an increase of over 4500% in the past 7 days, and a trading volume of 31.23 BTC (1.3 million USD) in the last 24 hours.It is reported that the market capitalization of the BRC-20 dragon coin DRAG is currently about 8 million USD, with a total trading volume of 59.1 BTC and over 750 holding addresses. The DRAG community is resonating with the promotion of dragon coins in the Year of the Dragon. Previously, the promotion of dog coins (doge) in the Year of the Dog gained popularity with a similar slogan, and its current market capitalization is 12.7 billion USD.

ChainCatcher news, according to the official announcement, Bitget has announced the upcoming launch of the BRC-20 token rats, and the RATS/USDT trading pair will be available tonight at 11 PM.

ChainCatcher news, the OKX Web3 wallet has officially opened the BRC-20 token staking feature, with the current staking pool exceeding 100+. Users can stake BRC-20 tokens through the DeFi section to earn BRC20-S token rewards. The tokens staked in BRC-20 remain in the user's account and do not require locking liquidity.According to OKX, BRC20-S is an open standard, and any project can deploy a staking pool. OKX will not review the deployed pools or endorse any projects, and users must make their own judgments about participation.

ChainCatcher news, the multi-chain NFT marketplace Magic Eden has announced support for BRC-20 Tokens. Users can not only trade BRC-20 Tokens on the secondary market but also mint them through its Launchpad. (Source link)

ChainCatcher news, Bitcoin inscription Launchpad Luminex tweeted that the BRC-20 token ORANGE posted a minting tweet on Twitter containing fraudulent links. At the same time, ORANGE falsely claimed to be associated with Luminex, but there is no formal partnership between the two. Luminex reminds users to be cautious. (source link)

ChainCatcher news, OKX official website released the BRC-30 proposal, which is an enhanced version of the BRC-20 protocol, adopting the design principles of BRC-20 and introducing features for staking operations such as deposits, minting, and withdrawals.The BRC-30 proposal aims to introduce a staking mechanism for BRC-20 tokens and Bitcoin on the Bitcoin network. Users can stake their own BRC-20 tokens and Bitcoin to receive corresponding BRC-30 tokens as rewards. (source link)

ChainCatcher news, OKLink BRC-20 browser has added support for querying BRC20 transaction lists, as well as BRC-20 token lists and Inscriptions lists, providing a one-stop BRC-20 token on-chain data service, making it easier for users to browse and track BRC20 transactions and obtain the latest transaction data. In addition, the OKLink API also supports BRC20 token list data.Previously reported, the OKLink BRC-20 token browser officially launched on May 15, becoming the first BRC20 browser to support the entire BTC ecosystem. (source link)

ChainCatcher news, OKLink, a Web3 data analysis platform under OKCoin, announced that its OpenAPI now provides comprehensive functionality and real-time updated on-chain data for BRC-20 tokens, meeting the needs of B-end users and developers. Users can access data services such as BRC-20 token balance queries, transaction lists, token detail information, and holding address lists through the free version of the API.OKLink API from OKCoin offers over 20 public chain explorer data, NFT data, full cryptocurrency prices, address labels, and other data services, as well as on-chain anti-money laundering tools. (Source link)

ChainCatcher news, Trustless Market developers have deployed Uniswap's smart contracts on the Bitcoin network to leverage the rise of BRC-20 tokens to drive the development of its decentralized finance (DeFi) ecosystem.Currently, Trustless Market has a trading volume of $500,000, with over 2,000 users, and liquidity providers can earn a 2% commission from trades. (CoinDesk)

ChainCatcher message, brc-20.io data shows that the total market capitalization of BRC-20 Tokens has surpassed 1 billion dollars, currently standing at 1,021,413,240 dollars. (source link)

According to ChainCatcher news and data from brc-20.io, the BRC-20 Token pepe has risen to $2.1, with a 24-hour increase of 163.5%.The price of BRC-20 Tokens is quite volatile, and users should invest with caution. This pepe is a BRC-20 Token on the Bitcoin network, with a total supply of 42,069,000 tokens, and the 24-hour trading volume is currently only $333,662.

ChainCatcher news, according to data from brc-20.io, the BRC-20 Token continues its upward trend, with ordi currently priced at $25.3, a 24-hour increase of 52.63%, and a market cap of $530 million; meme is currently priced at $864, a 24-hour increase of 334.78%, with a market cap of $86.39 million.In addition, according to data from OKX, BTC, SUI, and other mainstream cryptocurrencies have all experienced varying degrees of decline, among which: BTC is currently priced at $28,111, a 24-hour decrease of 2.8%; ETH is currently priced at $1,859, a 24-hour decrease of 2.27%; SUI is currently priced at $1.13, a 24-hour decrease of 13.28%; OP is currently priced at $1.77, a 24-hour decrease of 7.67%; APT is currently priced at $8.67, a 24-hour decrease of 6.71%; ARB is currently priced at $1.16, a 24-hour decrease of 6.09%. (Source link)

ChainCatcher news, according to market data, the total market capitalization of BRC-20 tokens has surpassed 720 million USD, currently reported at 720,432,691 USD, with a 24-hour trading volume of 10,711,887 USD. (Source link)

ChainCatcher news reports that, according to data from the BRC-20 website, the Bitcoin inscribed token Ordi briefly broke through $10, currently priced at $9.2, with a market capitalization exceeding $200 million. Additionally, there are currently about 12,647 BRC-20 related tokens, with a total market capitalization of approximately $270 million, and Ordi's current market capitalization accounts for over 50% of the total BRC-20 market capitalization.It is reported that the BRC-20 protocol is directly written onto the Bitcoin network, using satoshis as the carrier, and deploying, minting, and transferring tokens with JSON data of Ordinal Inscriptions. Ordi is the first Bitcoin inscribed token, with a total supply of 21 million. (Source link)