AICoin Fully Explaining the On-Chain Inscription Market

CN
1 year ago

Guide to On-Chain Inscription Markets.

Author: dt, DODO Research
Editor: Lisa

The words "inscription" are definitely the two most frequently heard words in the currency circle in the past two months, spreading from BTC to various public chains. Almost every public chain needs to undergo an inscription stress test. Only those that can withstand the inscription trading bombardment without dropping offline are considered good chains. However, after the various dazzling inscriptions are completed, where exactly should one go to trade?

This week, Dr. DODO has compiled various on-chain inscription markets for various public chains, allowing us to take a look at the on-chain inscription markets of the entire chain!

BTC Ecosystem

Ordinals NFT

Ordinals NFT is the earliest product concept of inscriptions, and it is currently supported by various on-chain markets.

BRC20

The concept of inscriptions is most popular with BRC20. In addition to having order book trading, several teams are currently developing BRC20 token SWAP trading.

Atomical

In addition to the ARC20 token standard, the Atomical protocol also includes Realm (which can be simply understood as a domain name system) and NFT.

BTC Stamps SRC20

The Stamp postage protocol, proposed by developer mikeinspace, implements the mechanism of embedding base64-formatted image data into transaction outputs on the Bitcoin chain, simplifying data storage compared to BRC20.

NostrAsset

NostrAssets is an open-source decentralized protocol designed to seamlessly integrate Taproot Assets and Bitcoin into the Nostr ecosystem, a second-layer protocol of BTC.

CBRC20

CBRC20 is a BTC token protocol launched by the cybord.org team, aiming to simplify the data storage method of BRC20 and reduce junk information on the BTC chain.

ORC20

ORC20 also makes improvements to the BRC20 protocol and has been introduced by Binance Academy. Its purpose is to be compatible with BRC20, improve adaptability, scalability, and security, and eliminate the possibility of double spending.

PIPE

The PIPE protocol, inspired by the latest conception of BTC token standard RUNE by Casey, a developer of the Trac team, introduces token and NFT standards.

TAP Protocol

The TAP protocol, also produced by the Trac team, emphasizes token standards that are simple and accessible, aiming to bring programmability to the BTC ecosystem and introduce more complex DeFi gameplay. It recently received a $4.2 million investment led by Sora Ventures.

BRC420

According to its development team Recursiverse, BRC420 is positioned as the first metaverse protocol in Ordinals, enabling inscription assets to function in engines, games, and chains.

BRC100

The BRC100 protocol, developed by Mikael.btc, aims to improve the BRC20 token standard to enable the development of complex and diverse applications, bringing DeFi to the BTC token ecosystem.

EVM Public Chain Inscription Ecosystem

Ethscription

The Ethereum inscription protocol pays tribute to the BTC Ordinals protocol, allowing the carving of images and issuance of ETHS standard tokens on Ethereum using Calldata. It has introduced Ethscriptions virtual machine (Facet VM) and Facet, a decentralized low-cost trading platform that does not use smart contracts but writes "DumbContracts" through calldata on Ethereum.

IERC20

Another Ethereum inscription protocol that introduces the innovative POW Mint mining model.

Solana Inscriptions

The Solana inscription system writes json data into NFTs and can convert with SPL20 tokens, enabling trading on NFT markets.

Avascriptions

ASC20 Avalanche on-chain inscriptions

Polygon Inscriptions

Pols Polygon on-chain inscriptions

BNB Inscriptions

BSC20 BNB current leading on-chain inscription protocol

  • EVM link: evm.ink (Platform for on-chain inscriptions across the chain, but mainly used by more people on BSC)

FTM Inscriptions

The first inscription that does not require an indexer, using smart contract indexing

FRC20

Base inscription

Cronos CroScription

Mantle Manbit

Other Public Chain Inscription Ecosystem

Cosmos Inscription

Ton ton-20 Inscription

Tron TRXI Market

Aptos Inscription

Doge DRC20

Author's Viewpoint

Please note that inscription trading fluctuates greatly, and most inscriptions are useless community meme tokens, so do not FOMO. The author personally still believes that the best way to participate in inscription trading is to participate in the Mint stage and obtain early chips. Recently, the views of various public chain communities on inscriptions have gradually changed, with many DeFi projects starting to issue their own inscriptions, and even public chain projects openly welcoming inscriptions, as inscriptions can bring a lot of traffic and on-chain users.

This article introduces and organizes over 20 inscription protocols and over 30 inscription markets. Feel free to bookmark and use!

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Bybit: $50注册体验金,$30000储值体验金
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