With the commencement of the fourth Bitcoin halving in April 2024, a new BRC-20 standard called Runes was launched on the Bitcoin blockchain. This follows the release of ordinals in 2023, which allows NFTs to be created on Bitcoin.
This guide tracks some of the top market cap Bitcoin BRC-20 tokens, their price and market capitalization.
We have included some information about the origin and history of some of the most popular tokens, as well as where you can purchase them.
Keep in mind that Bitcoin BRC-20 tokens are a very new technology and that investing in them could be very risky.
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
Top BRC-20 tokens: Price and market cap
Methodology: Our list of top BRC-20 tokens is determined by our expert editorial team. We made our selection based on trade volume, market capitalisation and our knowledge of the sector.
This list should be used as a starting point for further research and doesn't represent an endorsement of any coin or project.
Top BRC-20 tokens explained
Ordinals (ORDI) is the first BRC-20 token created on the Bitcoin blockchain. It was created on March 8, 2023 by the pseudonymous developer Domo.
Domo created the BRC-20 token standard which is short for 'Bitcoin Request for Comment' and is inspired by the ERC-20 token standard on Ethereum.
ORDI was the first token to be created using the BRC-20 token standard.
Early users of the UniSat BRC-20 exchange were required to mint ORDI in order to use the marketplace. BRC-20 tokens like ORDI use the Ordinals protocol to enable the tokenisation of assets on the Bitcoin blockchain. Ordinals can also be used to create NFT-like assets called inscriptions.
Vampirix (VMPX) is a BRC-20 token created by Jack Levin, an investor and software engineer famous for founding ImageShack and his early work at Google. He is the founder of a number of cryptocurrency projects, including XEN crypto, a social web3 project.
Vampirix does not appear to currently have anyclear utility and the official website only contains an artwork of Levin and links to mint, purchase or participate in creating memes about the token.
Alex Lab (ALEX) is a BRC-20 token that is linked to the decentralized exchange, Alexlab.co.
Alexlab uses the Stacks protocol, which is a Bitcoin layer-2 protocol.
The ALEX token is used for governance of the Alexlab protocol and DAO. ALEX is used to incentivize participation on the exchange as well as within the DAO. ALEX is rewarded to liquidity providers and stakers and can be used to vote on DAO proposals.
Pepe Ordinals (PEPE) is a BRC-20 recreation of the popular Ethereum ERC-20 memecoin, PEPE.
Despite sharing a name, the two coins are completely different. As such the price of the two coins differs substantially, by a factor of thousands.
Memecoins are considered highly volatile and risky investments.
Where to buy BRC-20 tokens
The following exchanges list a handful of BRC-20 tokens, with more being added regularly.
Alternatively you can use the decentralized marketplace, UniSat to find a larger range of BRC-20 tokens. However, this market is still in beta and requires advanced knowledge of how to use the Bitcoin blockchain. It is not recommended for beginners.
What to know before buying BRC-20 tokens
The vast majority of BRC-20 tokens are memecoins. This means that they have no utility and that their price may be highly volatile. They may also be susceptible to coordinate social media pump and dump schemes which rapidly inflate the price before a massive sell-off and subsequent crash in price.
BRC-20 tokens use the taproot protocol which requires a special type of Bitcoin address in order to send and receive BRC-20 tokens. Taproot addresses start with a "bc1p" prefix.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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