I am Ray.bit, a man with Bitcoin passion and technical insight, X (Twitter): https://x.com/bitlaser_btc
Recently, the Dragon One token #METHANE of the Alkanes @oylwallet protocol has increased by 100 times since the end of Mint, with a peak market value of over $36 million. Not only is the ecosystem market value constantly breaking new highs, but the ecosystem builders are also expanding and innovating gameplay. AMM is also expected to be launched this month, and the ecosystem is already very lively. As the strongest infrastructure provider in the Bitcoin ecosystem, UniSat @unisat_wallet has also fully supported Alkanes. Alkanes has become the most promising DeFi protocol in this round of the Bitcoin ecosystem.
1. Technical breakthrough: the first Bitcoin layer 1 smart contract
#Alkanes is an application layer meta-protocol based on Bitcoin, which aims to implement smart contract functions on Bitcoin L1 through the Protorunes protocol and OP_RETURN output. It is also the first protocol to be launched on the mainnet, supporting the development of decentralized applications (dApps), such as decentralized DEX, etc.
2. Global consensus: a rare unity between the East and the West
In addition to the official team @taggaOyl @judoflexchop @AirheadFun and the ecological infrastructure @idclub_ord @moffat 2021, there are also many Chinese and Western bigwigs @cbspears @jin_maa @t 4 t 5 @CG_BRC20 @ 01573 bit @R 5 Z 5 G @wangjinlon 27301 who are building Alkanes. With everyones efforts, all Eastern and Western communities have also actively participated in the ecological construction, and they get along very harmoniously, which is rare in other communities. Alkanes has unified the consensus of the East and the West.
III. Market performance: #METHANE increased 100 times, and its market value exceeded 36 million US dollars
Although Alkanes has been online for a short time and AMM has not been launched, there are many tokens with good ecological performance. Longyi #METHANE is needless to say. Its initial market value of several hundred thousand US dollars has soared to 36 million US dollars, which is a hundred times. #FARTANE @Fartanium $Acai @TangataNui $Goji and others have also performed several times. In addition to tokens, NFTs such as #Oyly (Oyly) and Alkane Pandas also have relatively good performance. The wealth-creating effect does exist in the Alkanes ecosystem.
4. Community solidarity: Go all out to spread Alkanes
Most of the tokens and NFTs in the Alkanes ecosystem, such as #METHANE @MethaneFund, #FARTANE @Fartanium, Alkamist @hathbanger @0x Bunzy, Oyly (油仔) @OylyOnAlkanes, Alkane Pandas @AlkanePandas, Bee @Alkanesbee, etc., have their own communities, not just #METHANE. Each community is working hard to promote its own assets. Although they are not as powerful as #METHANE and have their own foundation, they are constantly building, pushing, and producing their own content, growing in construction, and reaping fruits in growth. With the joint efforts of various communities, the Alkanes ecosystem will be pushed to a new peak.
5. Highly playable: endless ecological gameplay
While Alkanes Ecological Token is popular, the various ways to play are also dazzling and very playable. Some of the ways to play are even so exciting that you can’t help but slap your thighs. The following summarizes some of the ways to play
1. $DIESEL’s Bidding Minting
2. $METHANE starts fair contract forging
3. Alkanes Panda NFT even-numbered block bidding casting
4. Oyly NFT difficulty adaptive adjustment casting
5. $Goji private pool minting
6. ClockInSystem Performance Art
7. $Acai starts ICO smart contract fair minting
8. Orbinauts NFT supports multi-asset minting
9. Alkamist: A new experiment in luck-based token mining
10. AP-69 (ERC-404): NFT and Token Exchange Contract
11. Rebar Shield: Private memory pool transactions, MEV prevention + creating new income for miners
12. Silicoin: Pow mining mode, similar to $ATOM
Details have been summarized previously: https://x.com/bitlaser_btc/status/1932082905725255882
6. Support from many developers: Layer 1 Foundation Builders gather together to build
Alkanes protocol @oylwallet members @taggaOyl @judoflexchop @AirheadFun and domo @domodata and his friends created Layer 1 Foundation (L1 F) @L1 Fxyz. Now that Alkanes has been officially launched for more than two months, Layer 1 Foundation Builders have worked together to build it, such as Omnisat @Omnisats @hathbanger @0x Bunzy, UniSat @unisat_wallet @lorenzonical, which fully support the Alkanes protocol, including wallets, Marketplace, etc. In addition to Layer 1 Foundation Builders, SUBFROST @SUBFROSTio, Rebar Labs @RebarLabs, iDclub @idclub_ord @moffat 2021, Sats Terminal @SatsTerminal, Ybot @ybot_io, MCT @mctxyz, MintAlkanes @mintalkanes, Rune Blaster @lifofifo and many other big names have also supported Alkanes.
7. Impact on Bitcoin Ecosystem: Activating Bitcoin Ecosystem
Alkanes allows the Bitcoin ecosystem to enter the DeFi era ahead of schedule, implement smart contracts on L1, and run dApps such as DEX and lending without Layer 2. Using Protorunes and OP_RETURN, the ecosystems many gameplays have also ignited the communitys enthusiasm, and we look forward to more disruptive interactive experiences. The emergence of Alkanes makes it possible for Bitcoin to compete with Ethereum in the DeFi field in the future, attracting more users and institutions with its security and decentralization.
Outlook: #Alkanes ecosystem market value will exceed $10 billion
Alkanes has a promising future and is about to usher in a new round of DeFi applications, such as AMM, lending, stablecoins, etc., forming an ecosystem as prosperous as Ethereum. The launch of OylAMM will promote the expansion of the ecosystem, and the liquidity of #Alkanes ecological tokens will be greatly improved, which is expected to exceed the market value of #Runes, reaching 3 billion US dollars, or even 5 billion or 10 billion US dollars, and will be listed on top exchanges such as Binance @binance and OKX @okx. Its 100-fold growth potential is not out of reach with the Bitcoin DeFi craze. With global consensus and diverse gameplay, Alkanes has become the most promising DeFi protocol in the Bitcoin ecosystem. Market performance and community enthusiasm have further verified its value. It is expected to continue to explode in the future and drive Bitcoin DeFi into a new era. Whether it is developers, investors or community members, Alkanes provides a stage full of opportunities. Let us look forward to the Bitcoin Summer ignited by Alkanes, bringing more surprises and possibilities to the Bitcoin ecosystem!
