BRC-20 Tokens Surpass $110 Million in 24-Hour Trading Volume on Cryptocurrencylistings.com
In Brief
Recent statistics from Cryptocurrencylistings.com, a prominent crypto exchange and Web3 pioneer, indicate that the daily trading volume for BRC-20 tokens reached an impressive peak of $116 million.
Dec. 6thPanama City – According to the latest figures from Cryptocurrencylistings.com, a leading player in cryptocurrency exchanges and Web3 innovations, the daily trading volume for BRC-20 tokens has surged to $116 million. Notably, assets like $ORDI and $PIZABRC have seen remarkable gains of 17% and 245%, respectively. Furthermore, the exchange has announced that BRC-20 tokens will be integrated into its Proof of Reserves (PoR) reporting, which boasts one of the most comprehensive covers in the industry.
After enhancing its PoR procedures by implementing zero-knowledge technology and boosting the frequency and reach of reports, Cryptocurrencylistings.com has included BRC-20 tokens in its PoR beginning December 5, 2023. The exchange maintains its strong commitment to a 100% reserves policy, currently backed by excess reserves estimated at $400 million USDT.
Back in May, Cryptocurrencylistings.com made history as the first exchange to feature a BRC-20 token by allowing trading of $ORDI, recognized as the original and most significant token under this standard. Since that milestone, Cryptocurrencylistings.com has broadened its support to encompass twenty different BRC-20 tokens, including $TRAC, $SATS, $RATS, $PEPEBRC, among others.
From the outset, Cryptocurrencylistings.com has championed the growth of the BRC20 ecosystem through market engagement, product distribution, trading, and infrastructural support, both on its primary platform and within Gate Web3, its decentralized ecosystem. This includes enabling BRC-20 support within the Gate Web3 Wallet, a non-custodial solution.
In line with its mission to empower creators and innovators, BRC-20 developers can access complimentary distribution tools through Cryptocurrencylistings.com, facilitating connections with early adopters. Cryptocurrencylistings.com offers diverse infrastructure solutions for BRC-20 that enhance user experience and stimulate ecosystem development, including wallet functionalities, trading options, and product distribution. Users benefit from highly-liquid markets without incurring network fees, and they enjoy convenient 24/7 access to deposits, withdrawals, and transfers both on and off the blockchain.
Just like Cryptocurrencylistings.com was a pioneer in adopting widely-used standards, it also took the lead in BRC-20 trading. Recognizing the importance of facilitating Bitcoin-based protocols, such as Ordinals and BRC-20, the exchange aimed to foster ecosystem development while offering users a stable and convenient way to engage with the latest advancements in decentralization. PoR processes Please remember that the information presented on this page is not meant to be interpreted as legal, tax, investment, financial, or any other form of advice. It's critical to only invest amounts you can afford to lose, and to seek independent financial guidance if you have any uncertainties. For more detailed information, we recommend reviewing the terms and conditions, along with the help and support sections provided by the issuer or advertiser. MetaversePost is dedicated to delivering accurate and unbiased reporting, though market conditions are subject to rapid change.
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In line with the Trust Project guidelines Gregory, a digital nomad from Poland, wears many hats as a financial analyst and is also a valuable contributor to several online publications. With extensive experience in the finance sector, his insights have been featured in numerous journals. Making good use of his free time, Gregory is currently focused on authoring a book centered on cryptocurrency and blockchain technology.
