A significant increase in Ordinal inscriptions has given the BRC20 token economy an impressive valuation of $497.75 million. The ordi (ORDI) token commands the highest market valuation, valued at $342 million. ORDI tokens are outperformed by MEME and OSHI, with MEME valued at $94.68 and OSHI at $477.50, respectively. Compared to ORDI (21M), which has larger supplies, the BRC20 tokens MEME and OSHI are more difficult to come by. BRC20 trade volume has reached $206,705,219 over the past 24 hours, with ORDI trades accounting for $197.88 million of that total.
Parallel increases in transaction costs have been observed for the top nine BRC20 tokens by market cap. Both Ordinal inscriptions and BRC20s are opposed by Bitcoin maximalists, but the larger market appears to support the movement.
