Original - Odaily

Author - Nan Zhi

NxHub

According to official documents, NxHub is an aggregation market based on Ordinals. By collecting order data from UniSat, OKX, MagicEden, OrdinalsWallet and other platforms and displaying them in aggregate, users can purchase BRC-20 tokens and NFTs in batches, and can also implement multi-platform orders.

aggregation market

Use crawlers to capture listing order data from Unisat, OKX and other platforms, aggregate and display it on the front-end page.

Track the transaction prices of each platform, optimize the display effect, display transaction data, current prices, etc.

Due to the limitations of the Bitcoin network itself, the liquidity of BRC-20 is unevenly distributed and fragmented. The figure below shows the floor price of rats tokens in OKX and Unisat. The floor price in OKX is 0.154 sats/rats, while in Unisat it is 0.154 sats/rats. 0.1599 sats/rats, there is a significant price difference,There is real demand in the market for aggregation platforms that can integrate liquidity。

Listed on multiple platforms

Users can choose to list orders on multiple platforms, and send requests to the corresponding trading platform according to the users choice, simplifying the users order placing process. Achieve multi-platform price updates, cancellations, etc.

Volume Purchase

User selects multiple inscriptions to add to cart. Slice the users UTXO according to the purchase requirements to trigger the bulk purchase service. Multiple UTXOs are packaged in the same block through transaction chain technology.

(Odaily note: Too many UTXOs in the account may cause transaction delays.)

Project Token NHUB

NxHub’s project token NHUB is a token issued based on BRC 20 and will be related to the platform’s governance and protocol revenue in the future. The total amount is 21 million, of which 90% has been publicly sold on TurtSat (November 24), 5% belongs to the team (locked for 6 months), and 5% is used for airdrops.

Follow-up plan

According to the project Roadmap, the subsequent main plans include platform API docking, order requirements and price change functions,Launch of NxHub’s own marketplacewait.

Best in Slot

Best in Slot was launched in the first half of 2023. At that time, it was mainly an aggregation platform for BTC NFT information. Currently, it also launches BRC-20 aggregation transactions, including OKX, UniSat, OrdinalWallet and other platforms. Its trading page is shown in the figure below . It aggregates the transaction data of various platforms, and you still need to jump to the corresponding trading platform to make a purchase.

Similarly, the NFT module also aggregates platforms such as OKX, Magic Eden, OrdinalWallet, etc., displays them through information aggregation, and then performs jump transactions.

Ordyssey

Ordyssey is the aggregate trading market of Ordinals, integrating OKX, Magic Eden, OrdinalWallet, UniSat and other platforms. The difference from the previous two aggregation platforms is that Ordyssey conducts transactions directly without making jumps. After testing by Odaily, there is no significant difference in fees between trading on this platform and trading on the native trading platform.

summary

The volume of BRC-20 and other Bitcoin ecological projects continues to increase, but the native performance of the Bitcoin network is limited, and the demand for infrastructure will continue to exist.

In addition to the above-mentioned platforms, there have been many other aggregation platforms in the past 23 years, but most of them have ceased operation.

Due to the low overall transaction volume and high degree of homogeneity, there is currently no clear leader in the aggregation trading market, and this track is still waiting for a dark horse to emerge.