Source: Daoshuo Blockchain
When we have a large number of assets in an ecosystem, there will inevitably be a large demand for asset transactions.
The same is true for the Bitcoin ecosystem.
The most issued assets in the Bitcoin ecosystem are BRC-20 assets and NFT assets based on the Inscription protocol. Therefore, the most developed applications in this ecosystem are currently BRC-20 asset trading applications and inscription NFT-based trading applications.
Among these two types of trading applications, the current NFT-based trading applications are relatively simple------they are basically traded on the Bitcoin mainnet:
The most popular one currently is magiceden.io, and other popular ones are
www.okx.com/cn/web3/marketplace/nft,
https://ordinalswallet.com/collect ?tab=nft, etc.
Among them, magicden has been introduced in detail in previous articles, so I won’t go into details here.
www.okx.com/cn/web3/marketplace/nft is a Bitcoin NFT exchange developed and launched by Ouyi.
It must be said that in this round of explosion of the Bitcoin ecosystem, Ouyi has made considerable efforts in this ecosystem and developed some good applications for the ecosystem. On the one hand, it has improved the user experience. On the other hand, it has also brought a large number of new users into this ecosystem - among the better ones are the Ouyi Wallet and the Bitcoin NFT trading market it developed.
Ouyi’s wallet is quite good in terms of interactive experience. In this round of Bitcoin ecological explosion, many new users who entered the market after May may have entered the ecosystem through Ouyi's wallet. After Ouyi seizes this entrance, it will basically be a matter of course to launch its own NFT trading market.
So Ouyi’s NFT trading market is basically the result of direct traffic flow from wallets.
Ordinals wallet is both a trading market and a wallet application. This is an early project in the Bitcoin ecosystem, but recently it seems to have become relatively average in terms of momentum and popularity.
Compared with Bitcoin’s inscription NFT trading applications, Bitcoin’s BRC-20 asset trading applications are much more numerous.
In this type of application, there are two main categories: one is transactions conducted directly on the Bitcoin mainnet; the other is cross-chain to Bitcoin’s second-layer extension to conduct transactions on it or Cross-chain to Ethereum for transactions using Ethereum smart contracts.
In the first category of applications, unisat.io is currently the most popular. Secondly, except for magicden, most Bitcoin inscription trading markets (such as Oyi’s trading market) come with BRC-20 transactions. Function.
However, these popular BRC-20 trading markets basically require bulk purchases when trading BRC-20 tokens, which is not very friendly to retail investors with small funds, so a number of imitations have appeared recently. Ethereum smart contract transactions, DEX built on the Bitcoin mainnet.
Typical examples include swap.dotwallet.com, app.ordiswap.fi and so on. These applications are much better than unisat in terms of trading experience. Especially for retail investors with small amounts of funds, they are very good introductory applications to enter the inscription ecosystem.
In the second category of applications, currently more typical ones include app.multibit.exchange that cross-chains to Ethereum, etc.
The above are just some of the projects in this segmented ecology. In fact, with the development of the ecology, new applications and new projects will appear almost every now and then.
In addition to BRC-20 tokens and inscription NFTs, other protocol assets in the Bitcoin ecosystem such as STAMP, SRC-20, BRC-420, RGB, CBRC, etc. now have their own trading markets and application.
I will not give examples one by one here.
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