Bitcoin Ecosystem: A Memo Opens Pandora's Box 2023-03-08: @domodata proposed the BRC-20 experiment and deployed $ORDI #BRC20 2023-03-09: The first round of minting for $ORDI was completed (minting price was about $5/token). #ORDI 2023-03-10 to 2023-03-23: $ORDI circulated at an ultra-low price in the OTC market (some records show about $0.03), and the ecosystem had not yet exploded. #OTC 2023-03-23: UniSat launched the BRC-20 market for the first time, and $ORDI briefly rose to about $0.3, immediately exposing double-spending issues, forcing the market to pause and repair. #UniSat 2023-04-27: UniSat gradually and limitedly restored the BRC-20 market (first for some users), and $ORDI surged to about $1 and continued to rise. #Market 2023-05-05: Platforms/communities like #OpenSea expressed interest in Ordinals/BRC-20, market sentiment turned FOMO, and $ORDI rose to about $6; several BRC-20 tokens were hyped (such as nals, xing, oshi, shib, etc.). #NFT 2023-05-08: $ORDI went live on a platform; on-chain inscriptions and trading volume surged, with miner fees significantly increasing that day, and the price jumped from about $9 to $20. #Gateio 2023-05-09: $ORDI briefly peaked at about $28; a large number of BRC-20 tokens appeared (LRC20, DRC20, etc.), and speculation intensified. #Pump 2023-05-09 to 2023-05-11: Large holders sold off and the market adjusted, with $ORDI dropping back to about $7.5, and sentiment declined. #Correction 2023-05-12: OKX and UniSat announced a partnership to jointly build BRC-20 industry standards, which temporarily boosted $ORDI to about $12. #OKX 2023-05-20: OKX and HuobiGlobal listed $ORDI, which briefly surged to about $15, then entered a months-long downtrend. #Listing 2023-09-11: $ORDI fell below $3 (low point of the ecosystem). #Low 2023-10-18: UniSat released brc20-swap, and $ORDI began to show signs of recovery. #Tooling 2023-11-03: The BRC-20 ecosystem warmed up, and $ORDI rose to about $6.2; $SATS market cap briefly surpassed $ORDI. 2023-11-07: Binance announced the listing of $ORDI, and the price skyrocketed from about $7.4 to $13.5. #Binance 2023-12-02: $ORDI jumped from $21.7 to $32 (new high for the year). #YearEnd 2023-12-05: $ORDI rose again to about $69, with a market cap exceeding $1 billion (year-end peak). #MarketCap 2024-03-05: $ORDI reached a high point in 2024 (close to $100 ATH). #ATH 2024-04-20: Bitcoin halving; during the same period, the Runes protocol emerged/activated, becoming an important alternative and diversion for BRC-20. #Runes #Halving 2024-H1: After the launch of Runes, liquidity was diverted between BRC-20 and Runes, with on-chain inscriptions and fees peaking multiple times before and after the halving. #OnChainActivity 2024-H2: The ecosystem transitioned from "speculation" to "engineering/standardization," with continuous iterations of infrastructure like UniSat, indexers, wallets, swaps, etc., focusing on user experience and security. #Infrastructure 2025-03: UniSat announced its 2025 work focus: Explorer upgrades, protocol compatibility, and UX improvements, promoting ecosystem tooling. #Roadmap 2025-Q1–Q2: The number of on-chain inscriptions significantly increased (approaching/exceeding tens of millions), and the ecosystem entered a layered and mature phase. #Growth 2025-04-07 to 2025-09-01: $ORDI fell to a low of $5.61 and consolidated long-term below $10 (the market entered a low-level fluctuation period). #Consolidation 2025-09-02: BRC2.0 went live (block height 912,690 activated) and the BRC-20 protocol completed its upgrade, introducing stronger programmability, marking the BRC series entering the programmable era. #BRC2 #Upgrade 2025-09-25: $ORDI is currently reported at $8.3, still consolidating below $10; let's witness together what the future holds. Summary: 2023 = Experiment and Explosion 2024 = Peak and Differentiation 2025 = BRC2.0 + Infrastructure Build @domodata @bestinslotxyz @unisat_wallet @okx and all the builders, keep it up! Bitcoin ecosystem HODLers, keep it up!