The Rise of BRC-20 Tokens in the Cryptoverse.

The creation of BRC-20 tokens, the first class of crypto tokens to be built on the bitcoin blockchain besides bitcoin itself, has led to a surge in daily transactions on the blockchain, with a record high of 682,000 this month. The popularity of BRC-20 tokens points to interest in bitcoin not just as a store of value or payments method, but as the foundation for developing new coins and applications. However, the rapid creation of these tokens has led to congestion on the bitcoin network, with soaring transaction fees and slower processing times.