Blockchain News

OKX Wallet Launches Ordinals Marketplace: The First Multichain Wallet Supporting BRC-20 Trading

The decision to introduce this marketplace stems from the rapid growth of BRC-20 tokens, including meme coins like PEPE.

Mint and Trade BRC-20 Tokens

Cryptocurrency exchange, OKX, launched the Ordinals Marketplace on OKX Wallet, making it the first multichain wallet to support BRC-20 trading. 

This move is a response to the exponential growth in market capitalization for BRC-20 tokens, particularly meme coins like PEPE, and follows the recent news of Binance, the world's largest cryptocurrency exchange, announcing its NFT marketplace would support Ordinals trading.

The newly introduced Ordinals Marketplace enables users to mint and trade Bitcoin Ordinals and BRC-20 tokens seamlessly. By incorporating Ordinal support and BRC-20 compatibility, OKX aims to position itself as a key player in the evolving web3 landscape. 

Furthermore, OKX has announced a partnership with UniSat, an open-source Bitcoin wallet, to develop a cross-verification process for BRC-20 transactions indexed on the BTC network. This collaboration aims to enhance the security and transparency of BRC-20 transactions, providing users with increased trust and confidence in the platform.

Recently, The number of daily Bitcoin transactions hit a record high, reflecting the increased activity in the blockchain space. The surge in blockchain activity has recently resulted in a steep rise in Bitcoin transaction fees. 

According to data from Dune Analytics, over $9.4 million in fees have been charged on May 10. Further, the market capitalization for BRC-20 tokens has exceeded a total value of $5 billion in recent days, according to Coinranking, indicating the growing interest in this sector.

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