The Long-Term Value of Bitcoin Ecological Infrastructure

As Bitcoin inscriptions continue to attract attention, manual participation in new inscription projects has become a red ocean. However, historical experience shows that, like the early "meme zoo" market, most projects may only be fleeting, with only a few leading projects ultimately remaining.

Against this backdrop, in addition to the endless stream of new inscription projects, the projects that provide infrastructure within the entire ecosystem are likely to become the source of long-term value and will become an indispensable part of the Bitcoin ecosystem as it continues to develop.

This article aims to outline the infrastructure projects of the Bitcoin ecosystem and provide a glimpse into the gradually forming landscape of inscription infrastructure.

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 queries.

wallet

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

A certain trading platform's Web3 wallet has performed remarkably this year, being the first to support BRC20 inscriptions and BTC NFT trading and staking, bringing in a large amount of traffic. The wallet successively supports BRC20 inscription and BTC NFT trading, staking, and has launched components such as the Bitcoin ecological standard BRC20-S and inscription tools, contributing to the open-source development of the Bitcoin inscription track, allowing more users to smoothly enter the Ordinals market.

Xverse 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.

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 Ordinals-related operations such as transfers, sending, registration, buying, and selling.

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

Launchpad

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, as a Bitcoin Ordinals Launchpad platform, is committed to bringing Bitcoin ordinals and BRC20 projects into the Bitcoin ecosystem. Users can engage in scalable, non-custodial minting, and can also access services such as image optimization, the creation of various whitelist tiers, and marketing support.

A certain brand (originally a financial platform) 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 concept projects such as MultiBit (MUBI) and Bitstable (BSSB), which achieved astonishing profits, it has garnered a lot of attention itself.

In early December, the brand launched a DeFi solution designed for the Bitcoin ecosystem, introducing the Bitcoin-pegged coin BTCB to increase Bitcoin liquidity, making it a Bitcoin ecosystem project. Due to the popularity of Bitcoin-related concepts, along with the fact that it is one of the few Bitcoin ecosystem projects listed on a certain trading platform, it has gained significant attention. Recently, due to the news that its initial offering project has been continuously dumping, the price has plummeted, even dragging down auction, mubi, and others.

cross-chain

MultiBit is a cross-chain protocol between BRC20 and ERC20, based on the BRC20 bi-directional cross-chain bridge design, aimed at achieving cross-chain transfer between BRC20 and ERC20 tokens.

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

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

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

The Ordinals market of a certain trading platform, 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 inscription of BRC-20 and BTC NFTs.

As of last week, the total trading volume of the market has exceeded $500 million, with the total trading volume of the Ordinals protocol approaching $865 million, accounting for approximately 58% of the platform.

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

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

Ordinals Market is a Bitcoin inscription trading market that allows users to trade Bitcoin using wallets like Xverse, and it also supports users in conducting Bitcoin inscription transactions on the Ethereum blockchain using the "storage" technology developed by Emblem Vault (which includes the encrypted private keys of Bitcoin addresses that hold inscriptions).

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

The Bitcoin market of a certain NFT platform is a Bitcoin ecological NFT market launched in March this year, allowing users to list, buy, and sell Ordinals. In addition, the platform has also launched a Bitcoin Launchpad, aimed at helping creators directly launch the Ordinals protocol and create Bitcoin NFTs on its Launchpad.

Currently, some newly released Bitcoin NFTs generally choose to go live on this platform.

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

Minting Tools

Looksordinal is a self-custodial BRC20 token minting assistant tool that allows users to create all the necessary addresses in the browser for creating inscriptions controlled by the user.

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

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

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

BIIS aims to create the ultimate integrated and convenient tech stack for BRC20 tokens, positioned 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 tokens, batch distribution and aggregation of BRC-721 NFTs, and other integrated tools. In the future, it will also launch a fully automated asset release platform that supports Free Mint/AirDrop/IDO and other multi-mode asset release models, and will provide a Dao voting system for inscriptions for project parties, completing automatic project release and community decentralized governance functionalities.

Currently, BIIS has received strategic investments from a certain cryptocurrency investment institution and a certain laboratory.

data & query

The mempool focuses on the memory pool and blockchain explorer functions of the Bitcoin community. It provides real-time transaction status and data, allowing users to view the current status of unconfirmed transactions, mainly used for querying 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 production status—whether it is stuck, whether high Gas is the reason for the blockage, or if it is caused by on-chain activity, in order to determine how much Gas to provide.

ordiscan is an Ordinals browser that allows users to query the ordinal numbers and inscriptions on Bitcoin, and also search for the corresponding inscriptions and addresses.

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

OrdSpace is a data insight 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, enabling developers to quickly build their respective projects within the ORC-20 system.

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

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

GeniiData is an Ordinals ecological data analysis platform that provides the popularity index and ranking data for BRC20 tokens, supporting users in capturing the real-time minting situation of hot inscriptions and NFTs.

At the same time, it has launched the ORC-20 index service, which mainly functions to display information about the deployment of ORC-20 tokens, including maximum supply, current minting status, and whether upgrades are possible, information about ORC-20 token holders, transaction history records, and the ability to verify transaction status.

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

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

Summary

The Ordinals wave has introduced 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 status" and total market value, the wave of inscriptions has directly greatly increased the richness of new assets in the Bitcoin ecosystem, while also indirectly increasing the number of developers and the 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 birth 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, and a significant explosion of projects related to Bitcoin infrastructure will also become inevitable, warranting long-term attention.