OKX surpasses 50% of Bitcoin Runes market share
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: May 13 2024- Bitcoin Runes Trading Activity: OKX accounts for over 51% of Bitcoin Runes' daily trading volume, with other platforms like UniSat and MagicEden holding the remaining market share.
- Bitcoin DeFi Ecosystem: Bitcoin Runes, Ordinals, and BRC-20 tokens form the basis of the Bitcoin DeFi ecosystem, generating significant transaction fees and value.
- SolvBTC Protocol: SolvBTC protocol allows users to earn yields on Bitcoin through derivatives on various platforms, accumulating over $920 million in total value locked.
- Babylon Partnership: Babylon protocol enables users to self-custody BTC and earn rewards by verifying transactions on proof-of-stake networks, enhancing Bitcoin's utility as a source of yield in DeFi.
- MicroVisionChain Development: MicroVisionChain plans to incentivize developers to build Bitcoin interchain asset bridges and decentralized exchanges through its Proof of Build model, distributing tokens based on contributions.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
