By: Deep Tide TechFlow

On November 13, the official announcement of the iERC20 protocol announced a collaboration with Sparkle, a GameFI project incubated by Binance, stating that Sparkle will introduce Inscription NFT and other Inscription assets on IERC20, leveraging the advantages of Inscription to upgrade the gameplay of the GameFi ecosystem.

This collaboration has attracted a lot of attention, shifting the focus from ETHS to iERC20.

IERC20 is an Ethereum-based token protocol that provides a low-cost token ecosystem for Ethereum users without affecting the existing infrastructure. Anyone can deploy, mint, and trade their tokens on IERC20. $Ethi is the first token in the IERC20 ecosystem and is officially supported.

The two protocols do not conflict and are developing together on Ethereum, strengthening the Ethereum inscription ecosystem.

From an indexing perspective, Ethi's index efficiently retrieves blocks through zero addresses and specific addresses, allowing more people to participate in indexing contributions and support functions such as Deploy, Mint, Proxy transfer, Freeze Sell, similar to the Atom protocol mining method.

The uniqueness of iERC20 lies not only in the development of Swap, but also in its integration of EVM cross-chain functionality, establishing a channel between Ethereum inscription and traditional Layer2, introducing more mainstream coins and stablecoins, expanding the TVL of the inscription ecosystem, and providing more possibilities for the entire system.

In addition, the project team plans to introduce the fair mining mode of PoW into the IERC20 protocol and actively collaborate with other projects to launch inscriptions, similar to the Atom protocol mining method, leading a new model for the Ethereum ecosystem Launchpad.

Although $Ethi appeared almost at the same time as $ETHS, it did not gain as much fame in the early stages and did not experience significant price increases. This is because the project team has been quietly developing and implemented inscription splittable technology at its inception.

Despite appearing almost simultaneously with $ETHS, $Ethi did not experience significant price increases in the early stages due to the project team's low-key development. However, following the popularity of $ETHS, $Ethi gradually gained attention and also experienced price increases. Compared to ETHS, $Ethi's splittable technology makes it more suitable for retail investors, but its market value still lags significantly behind $ETHS, as shown in the following comparison chart:

In the iERC20 ecosystem, Ethi is equivalent to a shovel, which is the special empowerment given by the official to Ethi. For example, holding Ethi will receive airdrops of inscriptions from cooperative projects, such as the recent collaboration with Sparkle, which also airdropped inscriptions to holders:

Currently, many inscription communities have started to FOMO and are eager to participate. In the view of investors who are advocating participation, there are several bullish factors for Ethi:

1. Recognized leader in the iERC20 ecosystem;

2. The feeling of missing out on ETHS has spread to Ethi, creating a FOMO effect, especially when ETHS has already experienced significant price increases;

3. The golden shovel in the iERC20 ecosystem, this empowerment will give Ethi underlying value, as long as the inscription ecosystem exists, the value will not disappear;

4. Launch of PoW mechanism.

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