Long-term Development Opportunities for Bitcoin Ecosystem Infrastructure

As the Bitcoin inscription craze continues, new on-chain inscription projects have quickly become a red ocean. However, historical experience shows that, like the early meme token craze, most projects may only be fleeting, with only a few leading projects in the public chain ecosystem ultimately surviving.

In this context, in addition to the endless stream of new inscription projects, the infrastructure within the entire ecosystem may also become an opportunity for long-term development, and with the continuous improvement of the Bitcoin ecosystem, it will become an indispensable part.

This article aims to take stock of the infrastructure projects in the Bitcoin ecosystem, providing a glimpse into the gradually forming landscape of the inscription infrastructure ecosystem.

Overview of Bitcoin Ecological Inscription Infrastructure

Projects related to the Bitcoin ecosystem and inscription infrastructure cover multiple areas including wallets, cross-chain, trading markets, minting tools, and data analysis.

wallet

Unisat

Unisat is a non-custodial open-source Bitcoin inscription plugin wallet, and it is the first plugin wallet to integrate Ordinals. It supports Ordinals and BRC20, helping users store, mint, and transfer BRC20 tokens, including buying and selling BTC, NFTs, domains, and more.

Web3 wallet of a trading platform

Since the beginning of this year, this Web3 wallet has become a model of a trading platform's rapid growth, being the first to support BRC20 inscriptions and BTC NFTs for trading and staking, bringing a large amount of traffic to its wallet.

It successively supports BRC20 inscriptions and BTC NFT trading, staking, and has launched Bitcoin ecological standard BRC20-S, inscription tools, and other components, making significant contributions to the open-source development of the Bitcoin inscription track, allowing more users to smoothly enter the Ordinals market.

Xverse

Xverse developed by Secret Key Labs is a non-KYC Bitcoin wallet that supports Ordinals, BRC-20 tokens, and the Bitcoin smart contract platform Stacks, and will also support the Bitcoin Lightning Network in the future.

Odinals Wallet

The Ordinals Wallet was launched in February this year and is a non-custodial BTC wallet that allows users to view and store BTC and Ordinals NFTs, while supporting various operations related to Ordinals, such as transfers, sending, registration, buying, and selling.

The Ordinals Wallet mnemonic will be generated locally and stored on the computer, encrypted in the browser. Users can directly create transfers of Ordinals NFTs from the wallet and list BRC-20 tokens on the Ordinals Wallet marketplace.

Hiro Wallet

Hiro Wallet, as a wallet developed on Stacks, supports the storage and viewing of Bitcoin and Ordinals, and allows users to manage their STX and other assets (such as BNS domain names and NFTs) across accounts, while supporting all types of assets that can be sent to a Bitcoin address.

Launchpad

TurtSat

Turtsat is a community-driven open platform aimed at becoming the Gitcoin of Ordinals, providing a space to build, donate, and impact Bitcoin Ordinals & BRC-20 through Turtsat.

Luminex

Luminex, as a Bitcoin Ordinals Launchpad platform, is committed to bringing Bitcoin ordinals and BRC20 projects into the Bitcoin ecosystem. Users can perform large-scale, non-custodial minting, and can also access services such as image optimization, various whitelist tier creation, and marketing support.

Bounce Brand

Bounce Brand (formerly Bounce Finance) is a decentralized auction protocol designed to enable users to create and participate in various types of auctions across multiple blockchain networks. Recently, due to the successive auctions of Bitcoin-related conceptual projects like MultiBit (MUBI) and Bitstable (BSSB), which have yielded astonishing returns, it has garnered significant attention itself.

In early December, Bounce Brand launched BounceBit, a DeFi solution designed for the Bitcoin ecosystem, releasing the Bitcoin-pegged coin BTCB to increase Bitcoin liquidity, making it an integral part of the Bitcoin ecosystem projects. Due to the popularity of Bitcoin-related concepts, along with being one of the few Bitcoin ecosystem projects listed on a certain trading platform, it has garnered significant attention. Recently, however, due to its new project bDID being exposed for continuous selling, the price has plummeted, even dragging down auction, mubi, and others.

cross-chain

MultiBit

MultiBit is a cross-chain protocol between BRC20 and ERC20, designed based on the BRC20 bidirectional cross-chain bridge, aiming to achieve cross-chain transmission between BRC20 and ERC20 tokens.

Analysoor

Analysoor is a cross-chain protocol for inscriptions on Solana, aimed at addressing the fair release and liquidity guidance issues for memes and NFTs. The first project, ZERO, adopts a unique lottery-style winning mechanism (with a 9.5% win rate), using SOL as the lottery token to attract significant attention. Meanwhile, Analysoor's second project, ONE, has also completed its minting through the lottery mechanism.

As of yesterday, 95% of Analysoor's NFTs have been distributed, with 25,000 participants in the minting. The Discord will open today to holders of ZERO and ONE. Subsequently, Analysoor will no longer issue tokens but will provide Launchpad services to other projects, planning to transition to a LaunchPad platform.

TeleportDAO

TeleportDAO is a cross-chain Ordinals marketplace, currently consisting of two main products: the multi-chain BTC cross-chain trading protocol TeleSwap, which supports cross-chain transfer and trading of assets between BTC and Polygon; and the Ordinals trading marketplace TeleOrdinal.

Trading Market

Ordinals market on a trading platform

The Ordinals market on this Web3 wallet, as the largest BRC20 inscription and BTC NFT trading market, is completely decentralized, with no platform service fees for interactions, and supports multiple functions such as one-stop transfer, trading, and inscribing BRC-20 and BTC NFTs.

As of last week, the total trading volume of the Web3 wallet Ordinals market has also exceeded $500 million, with the total trading volume of the Ordinals protocol approaching $865 million, and this Web3 wallet accounts for about 58%.

Currently, the experience of the Web3 market in terms of order placement and transaction speed is better than that of the Unisat market.

Unisat Marketplace

Unisat Marketplace is an Inscriptions market based on PSBT and supports BRC-20 assets on the Bitcoin blockchain, ranking fourth in the NFT market with a trading volume of $41 million in November.

Ordinals Market

Ordinals Market is a Bitcoin inscription trading market that allows users to trade on Bitcoin using wallets like Xverse. It also supports users to conduct Bitcoin inscription trading on the Ethereum blockchain using the "storage" technology developed by Emblem Vault, which includes the encrypted private keys for Bitcoin addresses that hold inscriptions.

Ordswap

Ordswap is a trustless Ordinals marketplace built on Bitcoin that allows users to register, buy, sell, and auction Bitcoin NFTs.

Magic Eden Bitcoin

Magic Eden Bitcoin is the Bitcoin ecosystem NFT marketplace launched in March this year, allowing users to list, purchase, and sell Ordinals. In addition, Magic Eden has also launched the Bitcoin Launchpad, aimed at helping creators directly launch the Ordinals protocol and create Bitcoin NFTs on the Magic Eden Launchpad.

Currently, some newly launched Bitcoin NFTs generally choose to go live on Magic Eden.

Orders Exchange

Orders Exchange is a decentralized exchange for BRC20 tokens built on Bitcoin PSBT technology.

Minting Tool

Looksordinal

Looksordinal is a self-custodied BRC20 token minting auxiliary tool that supports users in creating all necessary addresses in the browser for creating inscriptions controlled by the users themselves.

iDclub

iDclub, as a minting platform for BRC20 tokens, supports users in inscribing Ordinals NFTs and inscriptions on the Bitcoin chain. It has also expanded to launch a trading market that allows users to buy and sell Ordinals inscriptions.

CoinTool

CoinTool, as an on-chain toolkit, has also launched a series of tools for multi-chain inscription minting and monitoring, including services for EVM multi-wallet batch engraving, SOL batch engraving inscriptions, Tron multi-wallet batch engraving, and IOST batch engraving inscriptions.

MCT

MCT is a multi-chain inscription protocol that covers real-time monitoring of inscription projects on more than 20 public chains including Bitcoin, Ethereum, Solana, Sui, and supports users to perform batch inscriptions, covering all EVM chains and blockchain networks such as Tron.

BIIS

BIIS aims to create the ultimate integrated and convenient tech stack for BRC20 tokens, positioning itself as the "BRC ecosystem toolbox" for developers and users. It is designed to provide a comprehensive set of integrated tools for project developers and users, including batch distribution and aggregation of BRC20 and other tokens, batch distribution and aggregation of BRC-721 NFTs, and other integrated tools. In the future, a fully automated asset release platform will be launched, supporting various asset release modes such as Free Mint/AirDrop/IDO, and will provide a Dao voting system for inscriptions, completing automated project releases and decentralized governance for communities.

Currently, BIIS has obtained strategic investments from Japanese cryptocurrency investment institution CGV and a trading platform Labs.

Data Analysis and Query

mempool

The mempool focuses on the memory pool of the Bitcoin community and blockchain explorer functionalities. It provides real-time transaction status and data, allowing users to view the current status of unconfirmed transactions, mainly used to query on-chain transaction confirmation status and the current real-time Gas fees.

Bitcoin generally produces a block every 10 minutes, which can be used to assess the current block status------whether it is stuck or not. High Gas fees may be caused by the block being stuck or by high on-chain activity, which helps determine how much Gas to provide.

ordiscan

Ordiscan is an Ordinals browser that allows users to query the ordinals and inscriptions on Bitcoin, as well as search for corresponding inscriptions and addresses.

BRC-20.io

BRC-20.io is a token data platform for Bitcoin inscriptions, providing users with real-time price tracking of various BRC-20 tokens, allowing them to stay updated on the latest market trends. It has also launched new products, BRC20 DEX and DeFi Center.

OrdSpace

OrdSpace is a data insights and analysis platform for Ordinals that recalculates the rankings of all BRC-20 tokens using multidimensional data.

The new product 20scan has officially provided API services (beta version) to the public, allowing developers to quickly build their projects within the ORC-20 system.

Ordinals Directory

Ordinals Directory is a platform that aggregates NFT series for Ordinals, allowing collectors to discover popular collectibles, new collectibles, and analyze floor price data.

Best in Slot

Best in Slot, as an Ordinals aggregator & browser, allows users to view all Bitcoin inscriptions and their details with one click, including information on popular inscriptions, latest inscriptions, and more, and enables direct real-time interaction.

GeniiData

GeniiData is an Ordinals ecosystem data analysis platform that provides the popularity index and ranking data of BRC20 tokens, allowing users to capture real-time minting situations of hot inscriptions and NFTs.

At the same time, it has launched the ORC-20 indexing service, which mainly functions to display information about ORC-20 token deployments, including maximum supply, current minting status, whether it is upgradeable, information about ORC-20 token holders, transaction history records, and the ability to verify transaction status.

Whatscription

Whatscription is a multi-chain inscription monitoring protocol that allows users to track and query the inscription minting status on chains such as Bitcoin, Ethereum, EOS, Polygon, and Linea in real-time.

OrdinalHub

OrdinalHub is a one-stop data platform that integrates the discovery, tracking, and analysis of Bitcoin NFTs, dedicated to helping users gain an advantage in inscription trading and quickly find new trends.

Summary

The wave of Ordinals has brought a large amount of funds, users, and developers into the Bitcoin ecosystem through the channel of inscriptions. If in the past Bitcoin only had the advantages of "orthodox recognition" and total market capitalization, the inscription trend has directly significantly increased the richness of new assets in the Bitcoin ecosystem, while also indirectly increasing the number of developers and user base.

Therefore, regardless of when the inscription craze returns to calm, the entire Bitcoin ecosystem has already attracted enough funds and attention, which will give rise to a large number of opportunities for accumulation, construction, and sharing of dividends. From this perspective, the Bitcoin ecosystem & inscription infrastructure relatively holds long-term value, with a large amount of Bitcoin infrastructure-related.