BitGo's Go Network and BRC-20 Tokens Drive Surge in Bitcoin Inscriptions on Leading Exchanges.

The number of Ordinals inscribed on the Bitcoin network has reached an all-time high of 58,179 due to the recent creation of "Bitcoin Request for Comment" (BRC-20) tokens on the Ordinals protocol. BRC-20 tokens utilize Ordinal inscriptions to deploy token contracts, mint tokens, and transfer tokens, similar to Ethereum's ERC-20 token standard. The surge in Ordinals is believed to be driven by the recent launch of new tools to interact with BRC-20 tokens. While the market cap of BRC-20 tokens currently sits at less than $10 million, digital asset investment firm Galaxy Digital believes the "Bitcoin NFT" market may reach $4.5 billion by 2025.