Tokens created using the Ordinals protocol on Bitcoin have reached a total market value of over $900 million, with Ordi memecoin leading the BRC-20 category with a value of over half a billion dollars. The Ordinals protocol allows for the creation of both fungible and non-fungible tokens on the Bitcoin network, with over 14,000 tokens generated in just a few months. This has led to a significant increase in daily transactions on the Bitcoin network and a rise in network fees. Ordi is now available for trading on Gate.io, the first centralized crypto exchange to list the top BRC-20 token.
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