Dr. DODO is Researching

Posted on Dec 20, 2023Read on Mirror.xyz

Inscriptions Frenzy | CryptoSnap

The term "inscription" has definitely been the most frequently heard term in the crypto community over the past two months. It has spread from BTC to various public blockchains, almost every one of which has needed to undergo an inscription stress test. Only those blockchains that can withstand a bombardment of inscription transactions without crashing can be considered robust. However, after the dazzling array of inscriptions, where does one actually go to trade them, aside from off-chain trading groups?

This week, Dr.DODO has compiled various on-chain inscription markets across different blockchains, giving us a glimpse into the entire ecosystem of on-chain inscription markets!

BTC Ecosystem

Ordinals NFT

Ordinals NFT is the earliest product of the inscription concept, currently supporting numerous on-chain markets.

BRC20

The hottest inscription concept, BRC20, offers not only listed trades but also several teams are currently developing BRC20 token SWAP trading.

Atomical

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

BTC Stamps SRC20

The Stamp postal protocol, proposed by developer mikeinspace, involves embedding base64 formatted image data into Bitcoin's on-chain transaction outputs. This method simplifies data storage compared to BRC20.

NostrAsset

NostrAssets is an open-source decentralized protocol designed to seamlessly integrate BTC's second layer protocol Lightning Network's Taproot Assets with Bitcoin into the Nostr ecosystem.

CBRC20

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

ORC20

ORC20 is an improvement over the BRC20 protocol, introduced by Binance Academy. It aims to be compatible with BRC20 to enhance adaptability, scalability, and security, and to eliminate the possibility of double-spending.

PIPE

The PIPE protocol, inspired by the latest BTC token standard RUNE conceived by Ordinals developer Casey, was introduced by the Trac team as a standard for tokens and NFTs.

TAP Protocol

The TAP protocol, also by the Trac team, emphasizes simplicity and accessibility. It aims to bring programmability to the BTC ecosystem for more complex Defi plays and recently secured $4.2 million in funding led by Sora Ventures.

BRC420

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

BRC100

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

EVM Chain Inscription Ecosystem

Ethscription

An Ethereum inscription protocol, paying homage to the BTC Ordinals protocol, allows for the engraving of images on Ethereum using Calldata and the issuance of ETHS standard tokens. It introduced the Ethscriptions virtual machine (Facet VM) and Facet, a "DumbContract" written through calldata instead of using smart contracts, aiming to create a decentralized, low-cost trading platform on Ethereum.

IERC20

Another Ethereum inscription protocol, introducing an innovative POW Mint mining model.

Solana Inscriptions

The Solana inscription system allows for the embedding of json data in NFTs and conversion 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 chain's leading inscription protocol.

  • EVM link http://Evm.ink (All EVM chain inscription market platform, more popular on BSC)

FTM Inscriptions

FTMS is first inscription not requiring an indexer, using smart contracts for indexing.

FRC20

Base inscription

Cronos CroScription

Mantle Manbit

Other Blockchain Inscription Ecosystems

Cosmos Inscription

Ton ton-20 Inscription

Tron TRXI Market

Apots Inscription

Doge DRC20

Author's Perspective

Please note that inscription trading is highly volatile, and most inscriptions are useless community meme tokens, so avoid FOMO. In my opinion, the best strategy for participating in the inscription market is still to be involved in the Mint stage to acquire early chips. Recently, the perception of inscriptions in various public chain communities has gradually changed. Many Defi projects have started issuing their inscriptions, and even public chain project parties have openly welcomed inscriptions due to the traffic and on-chain users they bring.

This article introduces and organizes more than 20 inscription protocols and over 30 inscription markets. Save and use it as a reference!