Magic Eden just announced its withdrawal from the Bitcoin market, and UniSat immediately stepped up to show loyalty. Starting from March 1st, there will be zero fees across the platform for 90 days, and they are also throwing in 500,000 FB for staking. This combination of moves has a strong smell of 'taking over the battlefield.'
From an on-chain logic perspective, this wave is a typical case of seizing liquidity during a gap. ME's exit has indeed left many inscription players feeling cold, but UniSat's decision to invest real money into FB at this time clearly indicates a desire to extend life in the infrastructure of sidechains and mainnets. If the BRC-20 single-step transfer can really be achieved, the trading experience could improve significantly, which would hit the nail on the head. Now, it remains to be seen whether this wave of fee waivers can stop the decline. The old project team choosing to push back at this moment indicates that this bone has not yet been completely gnawed clean, so retail investors should not rush to withdraw their investments.
Do you think this time for inscriptions is a 'flash in the pan' or an opportunity for a reshuffle? #Ordinals #brc20
#UniSat $BTC