BRC-20 trading volumes surge 10x since November 2023, data shows
Trade volume for BRC-20 tokens increased $10-15 million to more than $500 million since November 2023, as per data from Kaiko. Tokens minted on the Bitcoin blockchain are gaining momentum as their trading volumes increased by ten times since the end of 2023, according to Kaiko data. In a report on Jan. 15, the Paris-based analytics blockchain firm revealed that trading volumes for BRC-20 tokens skyrocketed from $10 million in November 2023 to more than $500 million in January, attributing the increase to Binance, which recently launched spot and perpetual futures trading for ORDI, SATS, and RATS. Trading volume for BRC-20 on crypto exchanges | Source: Kaiko You might also like: Bitcoin Ordinals dominate majority of BTC transactions Binance, initially dominating the trade volume market share at 63% as trading volumes surged to $2 billion following the listing of SATS and RATS, has since experienced a decline and currently has around 50% of the market share, data sh...