币安Web3钱包上线铭文市场，会再次点燃铭文板块吗？
Original - Odaily
Author - Husband How
Controversy: Binance Web3 Wallet × Inscription Market, Now?
On February 1st, Binance Web3 wallet finally launched the Inscription trading platform. This not only represents the importance and support of the worlds largest crypto exchange to the infrastructure of the Inscription sector, but may also act like a secondary thruster to help Inscriptions new rocket go to the moon.
In just a few minutes after the Mingwen trading platform was listed on Binance, multiple tokens in the BRC-20 sector rose temporarily. ORDI was temporarily reported at US$62.32, an increase of 2.32% in 24 H; SATS was temporarily reported at US$0.0000005224, an increase of 6.53% in 24 H.
The primary market of Mingwen also responded extremely quickly to the news, sweeping away the previous downturn and causing the overall price to rise sharply. 24 hours after Binance launched the Inscription trading platform, ordi increased by 13.28%; BTC Inscription increased by 7400%; BNB+ increased by 5900%; Tggm increased by 44.73%; POWP increased by 45.03%.
Binance is still highly anticipated, that is, what Binance chooses must be the best choice. The new product line of the inscription market reflects its long-term optimism for inscriptions and also delineates the next hot topics for investors.
But it is undeniable that after the Binance Web3 wallet was launched, the community response was polarized: some people complained about the single product and few functions, but other people recognized the launch of the inscription market on the Binance wallet and believed that the launch of the inscription market on Binance The significance is greater than the product. As an important Web3 entrance, the launch of the inscription market is bound to attract traffic to the inscription section.
In the face of complaints from the community, Binance, as always, accepts opinions with an open mind and expresses its agreement with the community’s views. There are indeed some issues that need to be optimized. Binance has currently solicited extensive user feedback on social media and the community. Binance Alliance He Yi also publicly tweeted to seek talents. This also shows Binance’s positive attitude towards its products.
If Inscription is regarded as the starting state of a long-term track, the product still needs to be polished, and the market also needs to adapt to changes. Although Binance is not the first batch, it is a tortoise and a hare race. Whoever can make progress one step at a time will be the final winner.
This article will start with the newly launched Inscription trading market on Binance Web3 Wallet to see how this classic brand will stir up huge waves and help Inscription sail into a wider sea.
The first year of inscriptions going global may have just begun
Since the BRC-20 was first conceptualized in March 2023, the inscription has gradually come into public view. By November 2023, Binance listed the leading token ORDI, which once again pushed the Inscription sector to a climax. ORDI increased by more than 10 times, reaching a maximum of 83.31 USDT.
In the past year, there are various signs that the major moment of the Inscription sector cannot be separated from CEX as its core driving force behind it. As a result, the community and the crypto world are looking forward to when Binance Wallet will launch the Inscription trading market, but Binance is not in a hurry.
This move is not difficult to understand. As an emerging product, Inscription has been questioned by the market and is constantly accepting challenges. This is not only the previous suppression remarks of Bitcoin core developers, but also indirectly caused by the mix of early projects in the market and imperfect infrastructure. Non-standard processes and safety incidents.
It is precisely because of the recklessness of the world that Binance adopts a more responsible attitude to screen the pros and cons of inscriptions. On February 1, the inscription trading market, which has been highly anticipated by the community, was finally unveiled.
First experience with Binance Inscription trading market
Binance has just launched the Inscription trading market, and Odaily is the first to experience this section. As a preparatory step, users need to update the Binance App to the latest version before they can use this feature.
A total of 30 inscription projects are listed on the inscription trading market this time, including many popular and well-known projects, such as ordi, sats, rats, trac, etc. Not long after it went online, nearly 20 inscription projects showed an increase.
In addition, the Binance Inscription Trading Market supports DApp transactions on the EVM chain, including Facet, Etch Market, EthsMarket, Avascriptions, EVM Ink and XRC Marke, opening multiple trading channels for users.
In terms of minting inscriptions, Binance Web3 wallet currently supports five major public chains, including Bitcoin, Ethereum, BNB Smart Chain, Polygon and Avalanche C-Chain.
From an experience point of view, the inscription trading market of Binance Web3 wallet provides an integrated solution for BRC-20 and EVM inscriptions, simplifying the inscription transaction and management process and improving the user experience:
Seamless trading and engraving interface: Binance Inscription Market offers an easy-to-use trading and engraving interface, allowing users to easily manage all types of inscriptions, whether they are experienced BRC-20 enthusiasts or novice users.
BTC transaction accelerator: To solve the problem of Bitcoin transaction speed, the market provides BTC transaction accelerator. This tool significantly increases Bitcoin transaction speeds, ensuring users stay ahead of the curve in Inscription trading.
Benefits of Integration with UniSat: Binance Inscription Market integrates UniSat’s API, giving users easy access to UniSat’s deep liquidity and vast selection of BRC-20 tokens. This cooperation expands the boundaries of the market and provides users with rich choices and a high degree of liquidity.
Easy to access, convenient and fast: Inscription Market is located within the Binance Web3 wallet, providing users with a safe and pleasant user experience. With a simple one-click, users can easily transfer inscriptions between Web3 wallets and the Binance exchange platform to meet the needs of all types of users.
Particularly worth mentioning is the BTC transaction accelerator, which allows Inscription trading players who suffer from Bitcoin network congestion to get a head start, especially in Inscription trading or minting, where transaction speed represents investment opportunities.
Secondly, in order to help users lower the entry barrier to the world of inscription tokens, Binance Inscription Market uses the API of UniSat, the leading market in the field of Ordinals and inscriptions. This strategic move brings UniSat’s deep liquidity and choice of over 60,000 BRC-20 tokens to users, while maintaining the simplicity, convenience and security of the Binance Web3 wallet.
As UniSat Director Lorenzo shared, “We are honored to assist the Binance Inscription Market. Binance is committed to innovation, which is in line with our vision to drive positive growth in the industry. UniSat believes that the Inscription asset has huge development potential. We hope , driven by this major move by Binance, more developers and crypto asset peers will enter the game to explore this exciting field.
Binance Inscription trading platform is launched to complete the puzzle
Binance is the exchange with the most users in the world, and its trading volume ranks first in the world. In TokenInsights Crypto Exchange 2023 Annual Report, Binance ranks first among the exchanges with 48.7% of the global encryption market share.
At the same time, Binance has blossomed in many aspects of Web3. In terms of public chains, BNB Chain has formed a multi-chain universe integrating L1, L2, and storage. BNB Chain is based on the number of users of the old public chain BSC, relying on OP Stack to build opBNBs second-layer network, and then undertake new projects with higher requirements, and building BNB Greenfield as the storage layer to undertake L1 and L2 application storage. need.
In terms of user experience, Binance officially launched Binance Web3 Wallet at Binance Blockchain Week in Istanbul. This is a secure, self-hosted digital wallet integrated into the Binance App.
Binance Web3 Wallet also demonstrates its superiority:
Cross-chain token exchange: Through Binance Bridge and other leading decentralized exchanges (DEX), you can trade a large number of tokens on multiple networks and enjoy deep liquidity and minimal slippage;
Easy transfer: Complete fast and convenient transfers between the Binance exchange platform and Binance Web3 wallet, and between centralized finance (CeFi), decentralized finance (DeFi) and Web3 platforms;
Improved security: Binance Web3 Wallet uses the most advanced multi-party computation (MPC) technology to create three separately stored key shards, thereby eliminating single points of risk;
Built-in risk alerts: Receive alerts on potential security risks related to your coin or blockchain through Binance Web 3 Wallet.
But at that time, Binance was launching the ORDI token, and the community speculated that it would subsequently develop the inscription trading market. The inscription sector was still very popular in Web3 at that time, but Binance did not follow up in a hurry, but continued to polish the product. In the end Presenting us with a more secure and multifunctional inscription trading market.
Rohit Wad, Chief Technology Officer of Binance, said: “Binance believes that blockchain technology has huge potential to empower individuals. Therefore, we are encouraged to see Inscription technology having such traction with the global crypto-asset community. Innovation It can bring new usage scenarios and additional value to this field, which are major benefits to the entire industry. We promote the faster development of these innovations by working with industry leaders, so that all users can enjoy cutting-edge technology and Feel the convenience.”
Rohit further added, “Through the Binance Inscription Market, we hope to support industry development by providing users with a one-stop portal to explore, try out the Inscription token, and enjoy its dividends. We hope that the streamlined process can make the entire user experience Easier and more fun.”
The launch of the Inscription platform also officially marks Binance’s completion of the current crypto business landscape, covering every section of Web3 from large to small in the Binance brand, providing users with a comprehensive, multi-selective crypto experience.
The stage has been set, looking forward to an international performance
In fact, the overall time from when inscriptions emerged in March last year to when a hundred schools of thought are contending today is less than a year. This period can also be called the first year of inscriptions. However, the inscription market has been relatively active in the Chinese area, but it has not expanded to the world. There is also a lack of endorsement from a strong brand.
Fortunately, Binance’s launch of the Inscription trading platform has helped the Inscription sector take a historic step. Inscription, a new asset model with an oriental flavor, can drive the Inscription sector from a single market to a global one with the help of Binance’s world-leading user base. stage.
Although the community has mixed reviews of the Binance Inscription trading platform, and believes that Binance launched the Inscription trading platform too late, from the perspective of the entire Inscription development cycle, launching it at this time may be the best time, and the Inscription sector is not perfect. The development to this day is the stage where we need to move to a bigger stage.
From the perspective of value investing, it is not difficult to judge. If you think that Inscription is a short-term hot spot, then Binance seems to be late; if the three forces of ETF, halving, and on-chain innovation will drive the BTC ecosystem upward in the long term, then the support of Binance Web3 wallet is just in time.
The launch of the Inscription trading platform on Binance has helped the Inscription sector set up a world stage. We look forward to the follow-up linkage between the Inscription sector and Binance, making Inscription one of the core engines of this bull market.
