The most promising protocol in Bitcoin ecosystem: Alkanes!

I am Ray.bit, a man who combines Bitcoin passion and technical insight, X (Twitter): https://x.com/bitlaser_btc

Recently, the Dragon One token #METHANE of the Alkanes @oylwallet protocol has increased by 100 times since the end of Mint, with a maximum market value of over 36 million US dollars. Not only has the ecosystem market value continued to break new highs, but the ecosystem builders are also expanding and innovating gameplay. AMM is also expected to be launched this month, and the ecosystem is already very lively. As the strongest infrastructure provider in the Bitcoin ecosystem, UniSat @unisat_wallet has also fully supported Alkanes. Alkanes has become the most promising DeFi protocol in this round of the Bitcoin ecosystem.

1. Technological breakthrough : the first Bitcoin layer 1 smart contract

#Alkanes is an application layer meta-protocol based on Bitcoin, which aims to implement smart contract functions on BitcoinL1 through the Protorunes protocol and OP_RETURN output. It is also the first protocol to be launched on the mainnet, supporting the development of decentralized applications (dApps), such as decentralized DEX, etc.

2. Global consensus: a rare unity between the East and the West

In addition to the official team @taggaOyl@judoflexchop@AirheadFun and the ecological infrastructure @idclub_ord@moffat2021, there are also many Chinese and Western bigwigs @cbspears @jin_maa @t4t5 @CG_BRC20 @01573bit @R5Z5G @wangjinlon27301 and others who have built Alkanes. With everyone’s efforts, all Eastern and Western communities have also actively participated in the ecological construction, and they get along very harmoniously, which is rare in other communities. Alkanes has unified the consensus of the East and the West.

III. Market performance : #METHANE increased 100 times, and its market value exceeded 36 million US dollars

Although Alkanes has been online for a short time and AMM has not been launched, there are many tokens with good ecological performance. Longyi #METHANE is not to be mentioned. Its initial market value of several hundred thousand US dollars has soared to 36 million US dollars, which is a hundred times. #FARTANE@Fartanium $Acai@TangataNui $Goji and others have also performed several times. In addition to tokens, NFTs such as #Oyly (Oyly) and Alkane Pandas also have relatively good performance. The wealth-creating effect does exist in the Alkanes ecosystem.

4. Community solidarity: Go all out to spread Alkanes

Tokens and NFTs in the Alkanes ecosystem, such as #METHANE@MethaneFund, #FARTANE@Fartanium, Alkamist@hathbanger@0xBunzy, Oyly (油仔) @OylyOnAlkanes, Alkane Pandas@AlkanePandas, Bee@Alkanesbee, etc., most of them have their own communities, not just #METHANE. Each community is working hard to promote its own assets. Although they are not as powerful as #METHANE and have their own foundation, they are constantly building, pushing, and producing their own content, growing in construction, and reaping fruits in growth. With the joint efforts of various communities, the Alkanes ecosystem will be pushed to a new peak.

5. Highly playable: endless ecological gameplay

While Alkanes Eco-Token is popular, various ways of playing are also dazzling and very playable. Some of the ways of playing are even so exciting that you can’t wait to slap your thighs. The following summarizes some of the ways of playing

1. $DIESEL’s bidding-based minting

2. $METHANE starts fair contract casting

3. Alkanes Panda NFT even-numbered block bidding casting

4. Oyly (Oil Boy) NFT difficulty adaptive adjustment casting

5. $Goji private pool minting

6. ClockInSystem Performance Art

7. $Acai launches ICO smart contract fair minting

8. Orbinauts NFT supports multi-asset minting

9. Alkamist: A new experiment in luck-based token mining

10. AP-69 (ERC-404): NFT and Token Exchange Contract

11. Rebar Shield: Private memory pool transactions, MEV prevention + creating new income for miners

12. Silicoin: Pow mining model, similar to $ATOM

Details have been summarized previously: https://x.com/bitlaser_btc/status/1932082905725255882

6. Support from many developers: Layer 1 Foundation Builders gather together to build

Alkanes protocol @oylwallet members @taggaOyl@judoflexchop@AirheadFun, domo @domodata and his friends created Layer 1 Foundation (L1F) @L1Fxyz. Now that Alkanes has been officially launched for more than two months, Layer 1 FoundationBuilders have worked together to build it, such as Omnisat@Omnisats@hathbanger@0xBunzy, UniSat @unisat_wallet@lorenzonical, which fully support the Alkanes protocol, including wallets, Marketplace, etc. In addition to Layer 1 FoundationBuilders, SUBFROST@SUBFROSTio, Rebar Labs@RebarLabs, iDclub@idclub_ord@moffat2021, Sats Terminal @SatsTerminal, Ybot@ybot_io, MCT @mctxyz, MintAlkanes @mintalkanes, Rune Blaster @lifofifo and many other big names have also supported Alkanes.

7. Impact on Bitcoin Ecosystem: Activating Bitcoin Ecosystem

Alkanes allows the Bitcoin ecosystem to enter the DeFi era ahead of schedule, implement smart contracts on L1, and run dApps such as DEX and lending without Layer 2. Using Protorunes and OP_RETURN, the ecosystem’s many gameplays have also ignited the community’s enthusiasm, and we look forward to more disruptive interactive experiences. The emergence of Alkanes makes it possible for Bitcoin to compete with Ethereum in the DeFi field in the future, and attract more users and institutions with its security and decentralization.

Outlook: #Alkanes ecosystem market value will exceed 10 billion US dollars!

Alkanes has a promising future and is about to usher in a new round of DeFi applications, such as AMM, lending, stablecoins, etc., forming an ecosystem as prosperous as Ethereum. The launch of OylAMM will promote ecological expansion, and the liquidity of #Alkanes ecological tokens will be greatly improved, which is expected to exceed the market value of #Runes and reach 3 billion US dollars, or even 5 billion or 10 billion US dollars, and be listed on top exchanges such as Binance@binance and OKX@okx. Its 100-fold growth potential is not out of reach with the Bitcoin DeFi boom. With global consensus and diverse gameplay, Alkanes has become the most promising DeFi protocol in the Bitcoin ecosystem. Its market performance and community enthusiasm have further verified its value. It is expected to continue to explode in the future and drive Bitcoin DeFi into a new era. Whether it is developers, investors or community members, Alkanes provides a stage full of opportunities. Let us look forward to this Bitcoin Summer ignited by Alkanes, bringing more surprises and possibilities to the Bitcoin ecosystem!