🔥 Binance Lists $ORDI

Good morning: Mempool House of Horros😱

• NFT Market - This week we had a preview of what many people are expecting in the Ordinal scene, a bull run. Bitcoin Frogs have come alive and are leading the charge with over 26 BTC in volume traded.

• Trending Collections

  • OrdiRats [Floor Price - 0.0009 BTC]

  • Bitmap [Floor Price - 0.0007 BTC]

  • Bitcoin MFers [Floor Price - 0.000014 BTC]

Today's edition:

• 🪙 Bitcoin sats/vB at a High

• 📊 Comparing PFP Market Cap ETH vs BTC

• 🛡️ Fidelity Publishes Ordinals Blogpost

• 🔥 Binance Lists $ORDI

• ⭕ The BTC L2 Trilemma

Bitcoin sats/vB at a High

Here are the quick facts:

• After what came across as a bullish scenario last week, this week things have cooled off because of the high fees

• The sats/vB right now is around 220

• As a result, many traders stopped purchasing ordinals causing price dips in many ordinal projects

• BRC-20s are a cause of this with many trying to get their hands on some after ORDI was added to Binance

Coming PFP Market Cap ETH vs BTC

Here are the quick facts:

• Lets compare the current MC for ETH PFPs vs BTC PFPs

• Looking at the chart above you’ll note that we pale in comparison to ETH

• However, you’ll need to consider that Ordinals haven’t even existed for more than an year and are on the biggest blockchain in the world

• Also, Bitcoin is surpassing ETH in total sales volume in just a short amount of time

• Bullish asf for Ordinals

Fidelity Publishes Ordinals Blogpost

Here are the quick facts:

• Fidelity, one of the largest brokerage firms, has written an article about Bitcoin Ordinals

• For those of you saying, why is this important, well this is a sign that Bitcoin Ordinals are going mainstream

• This was published days after Bitcoin Ordinals expereinced a minnie bull run

• Ordinals are DeAd right?

Binance Lists $ORDI

Here are the quick facts:

• Something big just happened, $ORDI has been listed on Binance

• For those of you who don’t know $ORDI is the first ever BRC-20 minted on Bitcoin

• As such, many people are Bullish on this BRC-20

• Now, Binance added support to trade $ORDI on their exchange and this will be the first of many new BRC-20s making their way into the mainstream.

The Bitcoin L2 Trilema

Here are the quick facts: 

• The Bitcoin trilemma recently took center stage

• The issue arrises from 3 main dimensions: Full VM vs Off-chain Network, Token vs No new token, Open network vs Permissioned network

• The challenge is balancing and optimizing all three of these things

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