Bitcoin and BRC-20 Tokens Experience Record Highs and Attacks
TL;DR Summary
Transactions on the Litecoin blockchain have hit an all-time high of over 525,000 in a day, as users seek alternatives to Bitcoin's high transaction fees caused by the frenzy of new Bitcoin-based BRC-20 tokens. The rising popularity of BRC-20 tokens has pushed Bitcoin transaction fees to the highest level since May 2021, leading users to seek cheaper alternatives such as stablecoins and the Lightning network. The surge in activity has also led to a record number of active wallet addresses and new Litecoin addresses being created.
- Litecoin Transactions Hit Record High as Bitcoin Fees Surge Amid BRC-20 Frenzy CoinDesk
- BRC-20 tokens surpass $1B market cap as wallet providers prepare integration Cointelegraph
- Bitcoin Under Attack With BRC20, This Is Proof Argues Dev Bitcoinist
- Here's Why Bitcoin Blockchain Fees Have Surged to 2-Year Highs CoinDesk
- ORDI: The First BRC-20 on Bitcoin The Cryptonomist
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