Inscription ecology, will the next outbreak be the public chain inscription?

Revitalizing the Art of Inscription Will the Promising Public Blockchain be the Catalyst for the Next Revolution?

Mingwen Ecological Map

Mingwen is developing rapidly, and so far, many new protocols have emerged. However, regardless of that, we still prioritize BTC Mingwen. Only when the big cake Mingwen ORDIs and SATs break through the ceiling will there be more users and funds entering the market, and at that time, we believe that funds will choose public chain Mingwen.

Because currently, apart from the big cake Mingwen BRC20, the other strong Mingwens are the ARC20, which belongs to the big cake ecological Mingwen, and the ERC20 Mingwen of Ethereum. The leaders of these two are ATOM and ETHS, both of which have surpassed a market value of 100 million US dollars. And they have their own ecosystems.

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ARC20 has innovative dmint, and ETHS has its own Facetsawp. These two are products of June, bursting together with BRC20 in this round.

As for why we believe that the next explosion will be public chain Mingwen? Because public chain Mingwen is a new product in October, it has not experienced an explosion yet. Moreover, public chain Mingwen has the backing of a great mountain, and each public chain has its own loyal fans, foundations, and supporting investment institutions. If public chain Mingwen receives support from its own public chain, it will be a great boost for the entire Mingwen track, and the funds and users entering at that time will increase geometrically.

Moreover, most public chain Mingwens have very low mint prices, so we cannot calculate their multiples and market values based on primary prices. We should calculate the cost for users based on secondary prices. Currently, many public chain Mingwens have trading markets and over-the-counter markets. From a secondary perspective, the ones with the most rapid increase are trxi of TRON and COSS of Cosmos. Most other secondary traded Mingwens are in a loss state. Let’s mainly talk about the Mingwens of TRON. No one expected that trxi would perform the best among the public chain Mingwens this time, with a total of 2.1 million cards, and they were all minted in one night. Then the off-market price dropped from around 0.8 to 0.5, and then it grew explosively, reaching a high of 4 USD per card.

BRC20 Mingwen

We have selected Mingwens that are currently performing relatively well. The ceiling is ORDIs, the second leader is SATs, the animal representative is RATS, the founder concept is DOMO, the launch platform is TurtSat (TURT), the cross-chain ecology is ROUP, and PI represents piin.

Regarding ARC20 and ERC20, you can check our previous articles. ETHS race full interpretation, another thousand-fold race after BRC20.

Understand the ARC20 thousand-fold race and the lightning network hundred-fold race with one article.

As for XRC20, you can also check the previous articles. Analyzing the current situation and future of BRC20\LRC20\ORC20\SRC20.

Our previous articles can also be viewed for ORDINALS. BRC20’s thousand-fold wealth effect, can ORDINALS take over?

Public Chain Mingwen

Let’s focus on public chain Mingwen.

This image is from user X: @idea6688

Let’s selectively talk about the inscriptions that have received official support from public blockchains.

1. BNBS

Got a retweet from BNB CHAIN

2.NEAT

Got official support from NEAR’s founder and multiple NEAR ecosystem projects

3.TRXI

Previously, Justin Sun has always been seen by the crypto community as a reverse indicator and guide to the top, but this time, the inscription has broken the curse for Justin Sun. TRON inscription leader TRXI not only didn’t bring down the inscription, but also became a star of public blockchain inscriptions. TRXI has the support of Huobi and is the fourth promising public blockchain inscription outside of the three major ones.

4.EOSS

This is a newly minted inscription that just finished last night, everyone knows about eos, the slogan of reaching $1000 is still fresh in the minds of old hodlers. This public blockchain has the highest number of hodlers but also the most disappointing one. But this time, can it redeem itself with inscriptions? We’ll have to wait and see.

RUNE

Next, let’s briefly understand the recent rising star RUNE protocol’s COOK

First of all, everyone should understand that this rune is not Casey’s runic protocol. And Rune Alpha has clearly stated that it has nothing to do with Casey and that the project team has not had any private contact with Casey. All discussions are conducted on a technical level.

So, Runes is actually a new protocol based on the Bitcoin network proposed by Ordinals founder Casey Rodarmor on September 26 of this year. It is a potential alternative to BRC 20. At that time, Casey Rodarmor stated that token protocols like Runes will not leave a lot of “garbage UTXOs” on the Bitcoin network like BRC 20 tokens. But the Runes protocol has not officially launched yet.

Rune Alpha is a Bitcoin network inscription project, built on top of ord 0.11.1, with its version in the Ordinal repository, but it has nothing to do with Casey’s Runes protocol.

Even so, COOK has received attention and recognition, with a mint price between $10 and $30, and the current OTC price is around $200. And Rune Alpha is collaborating with S-tier teams and providing millions of dollars in funding to build a Rune Wallet, the first wallet solution and creator market for the Rune protocol and other Bitcoin assets.

At the same time, holders of $COOK will have special benefits.

So far, we believe that once Casey’s legitimate Runes appear, it will be a presence comparable to ORDI. But before that, whether it is a project that is suspected of copying code or having biased opinions, there is no need, after all, inscription market requires appropriate participation and the cost of minting inscriptions in the primary market is really low. This is why we always encourage everyone to participate in the primary market.

END

Finally, what I want to say to everyone is that the inscription will live on, and perhaps there will be more explosive inscription protocols next year.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!