BRC-20

List of top BRC-20 coins by market cap. The current BRC-20 coin market cap is $196.77M , which has changed by -4.09% in the past 24 hours; the BRC-20 coin trading volume is $2.51M, which has changed by -0.07% in the past 24 hours. There are 96 cryptocurrencies in the BRC-20 coin list today.
BRC-20 is a token standard built on the Bitcoin blockchain that enables the creation and transfer of fungible tokens using Bitcoin's native capabilities. Introduced in March 2023, BRC-20 leverages Bitcoin's Ordinals technology to inscribe token data directly onto individual satoshis, the smallest unit of Bitcoin. This standard allows developers to deploy custom tokens, mint new tokens, and facilitate transfers entirely within the Bitcoin network without requiring sidechains or layer-2 solutions. BRC-20 tokens gained significant attention as an alternative to Ethereum-based tokens, attracting users interested in Bitcoin's security and decentralization while exploring tokenomics possibilities. The standard operates through JSON data inscriptions that record token operations on the immutable Bitcoin ledger, making each transaction transparent and verifiable. While BRC-20 offers exciting possibilities for expanding Bitcoin's functionality beyond simple peer-to-peer transactions, it also faces challenges including higher transaction costs, slower processing speeds, and limited smart contract capabilities compared to other blockchain platforms. Despite these limitations, BRC-20 has fostered a growing ecosystem of experimental tokens and contributed to increased Bitcoin transaction activity and network engagement.