Author: AlΞxWacy, Cryptography Researcher

Compiled by: Feilx, PANews

 

The BRC-20 narrative has seen massive growth, with a market cap of over $3 billion. Despite a brief downturn, BRC-20 trading activity remains high, and the sector is expected to become a long-term hot narrative.

In addition, with the development of BRC-20 infrastructure and the listing support of CEX such as Binance, it not only enhances the liquidity of the market, but also highlights the importance of the BRC-20 ecosystem.

As the BRC-20 ecosystem expands, a large number of interesting projects are expected to be launched. This article lists 6 low-market-cap BRC-20 protocols worth paying attention to, covering RWA, cross-chain bridges, lending and other application directions (the following data selection time is December 16). It should be noted that this article is intended to provide market information and does not constitute investment advice. Please DYOR.

CHAX Bitcoin（CHAX）

Chamcha is a RWA pioneer in the Bitcoin ecosystem and the Ordinals, Atomicals, and Taproot asset liquidity protocol infrastructure, providing liquidity construction and income protocols for BRC-20 projects.

Chamcha also created L2 Rollup. Chamcha not only expanded Ordinals and Atomicals, but also expanded it to the broader Bitcoin DeFi field.

  • CHAX Price: $0.013

  • Market value: approximately $3 million

  • FDV (fully diluted value): $27 million

21% of the total supply is in circulation.

Related reading: An article exploring the new prospects of various functional platforms in the Ordinals ecosystem

OrdiZK（OZK）

OrdiZK is a cross-chain bridge between the Ethereum and Bitcoin networks that leverages zk-SNARKS technology. This innovative approach allows users to fund their BRC-20 journey in a simple and anonymous way.

OZK is the native token of the OrdiZK ecosystem and provides access to all current and future tools of the platform.

  • OZK price: $0.003

  • FDV: $3.5 million

  • OZK will initially be launched on Ethereum, with plans to expand to BRC-20.

Ordinal Tools（ORT）

Ordinal Tools is a Telegram bot that provides a two-way bridge for transfers between BRC-20 and ERC20 tokens.

  • ORT Price: $0.01

  • Market value: $2 million

  • FDV: $2 million

99.5% of the total supply is in circulation.

Dova Liquidity Protocol（DOVA）

Dova Protocol is a BRC-30S lending protocol with an integrated MultiBit bridge that allows seamless cross-chain transfer of BRC-20 tokens. Users can use the Dova Protocol on Ethereum to collateralize loans with the transferred tokens.

Through the BRC-30S protocol, users can access Ethereum, Binance Smart Chain, Polygon, etc., and expand services such as lending, gaming, and NFT.

  • DOVA Price: $0.02

  • Market value: $12 million

  • FDV: $42 million

NxHub (NHUB)

NxHub is an aggregation market running on Ordinals that captures order data from platforms such as UniSat, OKX, MagicEden, and OrdinalsWallet and displays it in an aggregated manner. Users can purchase BRC-20 tokens and NFTs from various platforms and complete multi-platform listing orders.

  • NHUB Price: $0.02

  • Market value: $3 million

  • FDV: $4 million

75% of the total supply is in circulation.

OrdBridge（BRGE）

OrdBridge is the first cross-chain protocol that allows users to seamlessly transfer BRC-20 tokens between Bitcoin and Ethereum. The outstanding feature of OrdBridge is the custom function in BRC-20, which can send BRC to ERC and is backward compatible.

OrdBridge has found a way to bridge ERC (ETH) - ERC (AVAX) and native BRC tokens. After OrdBridge launched the "AVAX" function, users can transfer native BRC tokens between BRC, ETH and AVAX.

  • BRGE price: 0.1 USD

  • Market value: $20 million

Despite the seasonality of the Bitcoin ecosystem narrative, BRC-20 projects still have great long-term potential. A typical example is MUBI, which has achieved a hundredfold growth, and other projects are likely to see similar growth.