The Moment When In_script_ion Stars Sparkle

[TL；DR]:

Recently, a series of animal inions on BRC20 have once again started a frenzy, with cats becoming the leading inions in the sector due to the active dissemination of the community and the promotion of multiple KOLs.

The overflow effect of Bitcoin inions has led to the increasing popularity of inions on various public chains, such as Solana‘s sols, Rune Alpha’s cook, and Avalanche’s avav, asct, and BEEG.

Despite some controversies, the fair and transparent new coin issuance method of the inion market itself is more in line with the consensus pursuit of decentralization, which brings liquidity, attention, and eco prosperity.

Introduction

Driven by the recent popularity of BRC20 inions on Bitcoin, the craze for minting and trading inions on major public chain leaders is also spreading. This article will introduce the current popular public chain inions to entertain readers.

Zoo Inion Tokens Leading the Way in Price, BRC20 Inions Continue to Dominate the Screen

Recently, a series of animal inions on BRC20 have once again started a frenzy, with zoo inion tokens represented by rates, cats, mice, bears, turt, mmss, etc. leading the way in price. The daily increase of up to 100% is stirring up the market’s excitement.

In fact, as early as the end of October, UniSat Wallet launched the BRC20-swap mainnet, and multiple BRC-20 tokens named after various animals that were deployed in March were crazily sold out.

Taking the leading rate as an example, the rate was established in March this year, with a single minting limit of 1 million pieces. In the early days, Rats did not become a leader by scrolling through the screen, but with the active dissemination of the community and the promotion of multiple KOLs, Rats quickly surpassed Bears and quickly gained popularity.

For example, on the official Twitter account of the BRC20 Chinese community, Rats has gained a leading position. In addition, the KOL incubation crypto project SoulLand has also posted on the community’s official Twitter platform, announcing the establishment of a Rats virtual landmark building.

Source: twitter@soulland_en

Since mid-November, Gate.io has successively launched rats, mice, and other products, once again releasing market sentiment for the zoo market. Numerous zoo tokens have rotated and replenished prices, and even activated a large number of Bitcoin L2 projects, such as the Bitcoin sidechain Liquid for institutional services and the cross chain BEVM based on Taprot, Even Lightning Network has launched NostrAssets, which provides applications and services for Taprot assets and Lightning payments. We will discuss these eco developments in detail in the next article.

It should be noted that not all animal tokens have gained favor. According to media reports, animal inions such as foxs and lion, which were listed in early November, have been almost ignored so far.

RUNE Alpha Launched Its First Rune - Cook

Rune Alpha is a newly launched Bitcoin network rune project based on Ord 0.11.1, with its version located in the Ordinal repository. It should be noted that this project is not directly related to the Runes protocol proposed by Casey, the founder of the Ordinals protocol.

According to official explanations, Bitcoin runes are based on the UTXO model of Bitcoin, a brand new, unique, and replaceable token designed to represent replaceable assets with unique features and metadata. According to Casey Rodarmor, the Runes protocol he wants to create is a simple, UTXO based FT protocol that can provide Bitcoin users with a good user experience. It can reduce invalid “junk” UTXO and will not block the Bitcoin network.

Although both Rune Alpha and Casey explained that they were not related to each other, the first COOK release still had traffic intervention, and the off-exchange price briefly increased by about ten times.

Source: Rune Alpha

With the official launch of the Sign function by Rune Alpha recently, the next step will be to open the testing network to add use cases for s. The leading role of s as the first rune concept has naturally attracted high market attention.

Meanwhile, the first token pipe based on the Bitcoin UTXO token protocol Pipe and the ers based on the ERC-1155 token protocol Etherunes have also sparked market hype.

Solana’s First Trending Eco Inion - Sols

Sols is the first Solana eco inion based on SPL-20, similar to the Ordinals protocol BRC20, with a total of 21,000 pieces.

Due to Solana’s consecutive strong gains in the past two months and the return of its eco to prosperity, the market has generated higher expectations for Solana’s inion project. As a result, on the evening of November 16th, Solana began to focus on a wide range of market heat.

Due to the overly complex minting process, many people have begun to question whether Sols is truly an inion project.

But this doubt quickly disappeared into the hot mint trend, and by November 17th, Sols began to show off the market trading volume with a transaction price of about $250 per sheet, an increase of up to 40 times compared to the initial average minting cost.

Unlike conventional bridging tokens or EVM-based cross-chain solutions, Sols stands out on Solana as the first native exchange protocol with inions in the eco. This enables Sols to play a core role in Solana’s eco, without relying on Layer 2 solutions or external s.

Source: Gate.io

Especially after being supported by Gate.io for its full online launch on December 14th, the price of Sols has risen to a peak of $8.33, but has fallen slightly as of the time of writing. The rapid fluctuation of the coin price fully reflects the market’s high recognition of its speculative potential.

The Avalanche Inion Goes from Asct to Avav, and Then to BEEG

As early as June this year, the first inion AVAS on Avalanche had already been deployed by Ethan, the founder of the domain name project Tezos Domains. However, the market consensus of the first leading figure was challenged on the Avalanche protocol, and on November 19th, AVAL became the first inion to rise in popularity.

But the good times didn’t last long. Asct became a best-hit inion. According to Dune’s data, Asct began deployment on December 7th and has now ended minting. As of the time of publication, its market value reached $13M.

Source: Dune

On December 16th, the inion avas obtained the official blue label, and the trading volume quickly climbed above 27,000 AVAX, showing a strong trend of returning to the leading position.

However, on the 18th, the new inion BEEG made a strong comeback, further pushing the popularity of the Avalanche Protocol inion to the top of the major public chain inion rankings.

Cryptofishx, the co-founder of TraderJoe, the largest decentralized exchange on Avalanche, announced on Monday the release of the inion BEEG, stating that BEEG has no roadmap, no empowerment, and is merely a social experiment.

Cryptofishx, the co-founder of TraderJoe, the largest decentralized exchange on Avalanche, also announced today (18th) the release of the inion BEEG, stating that BEEG has no roadmap, no empowerment, and is merely a social experiment.

This memetic move quickly spread in the community, leading to a surge in gas fees on Avalanche, with an average gas fee of 5110.30 nAVAX (approximately $4.41). According to avascan.info data, as of the time of writing, on chain gas has fallen back to $0.49.

After several twists and turns, the currently dominant screen player is Avav, who was not initially favored.

The initial minting cost of avav was between $1.2 and $1.7, which was not very popular at first, but after more than half of the time, as all the major inions had already been minted, the rapidly increasing community shifted its attention to avav.

Avav has created multiple miracles, with a gas cost of up to $16M and a cumulative number of inions of 21M. More than 50000 people worldwide participated simultaneously, but after its launch, it plummeted and was quickly pulled up to $50M by buyers.

Source: Avaions

The Avalanche protocol has a wide user base worldwide, and its massive consensus enthusiasm and just-right technological advantages have led to the emergence of multiple popular inions on Avalanche, which is a height that other public chains have not achieved, at least for now.

To Sum Up

The emergence of Bitcoin inions and their spillover effects undoubtedly pushed this round of crypto bull market to a new height. Although it has sparked some doubts and discussions, the fair and transparent new coin issuance method of the inions market itself is more in line with the consensus pursuit of decentralization. The increased liquidity, attention, and eco prosperity it brings cannot be ignored.

Of course, the inions market still coexists with risks and benefits. As time goes on, the popularity of inions will gradually fade. Participants should conduct sufficient research and understanding, identify the advantages and disadvantages of the project, and avoid irrational misunderstandings brought about by entering FOMO.