what's sats (ordinals)?
SATS (Ordinals) is a fungible token standard built on the Bitcoin blockchain using the BRC-20 protocol and Ordinals inscriptions. It enables the creation, transfer, and management of tokens directly on Bitcoin's layer 1, leveraging satoshi units (the smallest denomination of BTC) to inscribe data that represents token balances and operations via JSON-like scripts in transaction witnesses. The protocol allows users to deploy, mint, and transfer tokens without relying on external layers or bridges, fostering a native token economy within the Bitcoin ecosystem. Transactions are processed through Bitcoin's UTXO model, where inscriptions track ownership, making it compatible with existing Bitcoin wallets and explorers that support Ordinals.
Bitcoin's SATS token is third by market cap, behind $DOG and $ORDI.
contract
ordinals
Trading for 1000SATS-PERP perpetual futures contract suspended on Coinbase, with final settlement at $0.000011 USDC and all remaining open positions automatically settled.
SATS ranks as the third largest token on Bitcoin by market cap, trailing only $DOG and $ORDI.
Ranks 4th in weekly trading volume on BeFi Terminal among Bitcoin tokens.
Treasury management transparency concerns emerge due to absence of Proof of Reserves documentation.
MultiBit bridge enables deep liquidity for BRC-20 tokens on Ethereum network
New infrastructure improvements include snipe protection, lot size limits, DEX integration, and Xverse swap aggregation, with Slingshot, Vector, and CEX integration launching soon.
Token price surges 45.3% to $0.0000007285, leading Bitcoin memecoin rally.
$DOG surpasses combined market value of leading BRC-20 tokens ORDI and SATS.
Went from $50M to $1.5B market cap few weeks after ORDI Binance listing.
BRC20 token listed on Binance one year ago, following ORDI listing.
Reached approximately 2B market cap after T1 exchange listings in fall 2023 when BTC was sub-40k.
11th BRC20 token. Reached $2 billion within 60 days from sub 200 million a year ago.