BRC-20s are one of the newest token standards in the crypto ecosystem. Exploding into popularity during the recent memecoin craze, BRC-20s surpassed their humble origins as an experimental idea and briefly grew to a market cap of more than $700M. The market for these Bitcoin-native tokens is still extremely nascent, but BRC-20 enthusiasm already significantly impacts Bitcoin.

In this report, we analyze the BRC-20 token standard. On the surface, it seems to be something akin to the much more popular ERC-20 token standard. However, there are significant differences between the two that people should be aware of. The report also analyzes the BRC-20 market and its impact on Bitcoin.

For the first time in a long time, Bitcoin seems to have the potential to develop an exciting and vibrant digital economy.