The BRC-20 token standard has captured significant attention in the crypto space, showing strong potential to lead the next wave of innovation during a bullish market cycle. With major exchanges increasingly supporting these assets, understanding what BRC-20 tokens are and how to interact with them is essential for any crypto enthusiast.
In this guide, we’ll break down the basics of BRC-20 tokens and related RC-20 standards, explore key tools for trading and analysis, and answer common questions to help you navigate this emerging ecosystem confidently.
Understanding BRC-20 and Other RC-20 Tokens
BRC-20 is a token standard built on the Bitcoin network using the Ordinals protocol. It allows users to inscribe data onto individual satoshis—the smallest unit of Bitcoin—enabling the creation and transfer of fungible tokens.
Similar standards have emerged on other blockchains, each adapting the core idea behind BRC-20 to their specific environments. These include:
- ARC-20: Part of the Atomicals Protocol on Bitcoin.
- SRC-20: Used for stamps on Bitcoin (compatible only with addresses starting with "1").
- DRC-20: The Dogecoin version of RC-20 tokens.
- SOL20: A similar standard on the Solana blockchain.
- ASC-20: The Avalanche network’s implementation.
- IERC-20: An Ethereum-based variant.
While each has slight modifications—such as shorter names, improved indexing efficiency, or added security—the underlying mechanism remains consistent: using the base chain’s smallest currency unit to inscribe token information.
Essential Tools for Trading RC-20 Tokens
To participate in the BRC-20 ecosystem, you’ll need reliable wallets and trading platforms. Below are some of the most widely used options.
Recommended Wallets
1. OKX Web3 Wallet
A user-friendly option that supports BRC-20, ARC-20, and many other RC-20 tokens. It includes built-in functionality for trading, minting, and managing tokens and NFTs. The wallet is available on mobile and web, supports multiple languages, and offers risk alerts when visiting unknown sites.
👉 Explore trusted wallet solutions
2. Unisat Wallet
One of the original wallets to support BRC-20 tokens. It currently offers a Chrome extension and supports both BRC-20 and SRC-20 tokens. Note that using its DEX requires holding a certain amount of platform积分 (points).
3. Atomical Wallet
Designed specifically for ARC-20 tokens, this Chrome extension wallet supports the Atomicals Protocol but does not have a built-in market.
4. Unielon Wallet
A specialized wallet for trading DRC-20 tokens on the Dogecoin network. It allows users to swap DOGE for WDOGE and trade tokens in a Uniswap-like interface.
Trading Platforms by Token Standard
Different RC-20 tokens often require specialized platforms:
- ARC-20: Trade on Atomical Market.
- SRC-20: Use Stampscan or Openstamp.
- ASC-20: Available on Avascription.
- SOL20: Tradable on Tensor Trade or Magic Eden.
- IERC-20: Use ierc20.com.
- ETHS: Try Facetswap or ETCH.
- Ethrunes: Available at ethrunes.xyz.
Always exercise caution and do your own research when using newer or less-audited platforms.
Data and Analytics Tools
Data platforms are still evolving, but a few helpful resources include:
- brc-20.io: Tracks BRC-20 token market cap, trading volume, and holder balances.
- Geniidata: Offers broader functionality including minting data, NFT insights, and token launch information.
These tools can help you make informed decisions and monitor market trends.
The Future of BRC-20 and Bitcoin Ecology
With growing support from major exchanges and continuous tooling improvements, BRC-20 and similar token standards are poised for further adoption. Enhancements in decentralized finance (DeFi) features, liquidity mechanisms, and cross-chain compatibility could drive the next phase of growth.
Investors and users should stay informed, prioritize security, and use trusted platforms when engaging with these emerging assets.
Frequently Asked Questions
What is a BRC-20 token?
BRC-20 is a token standard on Bitcoin that uses JSON-based inscriptions on satoshis to create fungible tokens. It does not rely on smart contracts like Ethereum’s ERC-20 standard.
Are BRC-20 tokens secure?
While the Bitcoin network is secure, token standards built on top of it depend on the reliability of indexers and supporting tools. Always use well-reviewed platforms and wallets.
Can I trade BRC-20 on any exchange?
Not all exchanges support BRC-20 tokens yet. Always check whether your preferred platform allows deposits, withdrawals, and trading of these tokens.
What’s the difference between BRC-20 and SRC-20?
SRC-20 is used for “stamps” which store data on-chain permanently, and it only works with Bitcoin addresses that start with “1”. BRC-20 is more focused on fungible tokens.
Do I need a special wallet for BRC-20?
Yes, you need a wallet that supports Ordinals inscriptions, such as OKX Web3 Wallet, Unisat, or others mentioned in this guide.
How do I start investing in BRC-20 tokens?
Begin by setting up a compatible wallet, funding it with BTC for fees, and using a reputable marketplace to browse, mint, or trade tokens.
The BRC-20 ecosystem is still young but rapidly developing. With the right knowledge and tools, you can confidently explore new opportunities in this innovative corner of crypto.