Original | Odaily (@OdailyChina）
Author | Golem (@web3_golem）
In the Bitcoin ecosystem, creating a new asset issuance protocol is not difficult, but what's challenging is having a community and project team continuously "working" around the protocol. Recently, a new wave of protocol trends has emerged in the Bitcoin ecosystem, with many anonymous project parties showcasing their ideas, but most are essentially "old wine in new bottles" using inscriptions, with no infrastructure, no development, and no one to take over.
However, there are still serious teams in this dark forest. On May 20, the well-known Bitcoin ecosystem trading market Magic Eden announced integration with the new Bitcoin L2 Spark and will jointly host an event on May 26. Spark is a new Bitcoin expansion solution that officially launched its mainnet test version on April 29, and the first LRC 20 token FSPK was born on May 8. Although the minting experience was not great, it still caused FOMO in the Bitcoin ecosystem community. The first FSPK is currently trading over-the-counter at $12-20 per sheet (1 sheet = 0.001 tokens), with a cost of about $2 per sheet, and the price has increased at least 6-fold.
The collaboration between Magic Eden and Spark may also signal the upcoming launch of an on-chain marketplace for LRC 20. Besides Magic Eden, Spark has also collaborated with multiple projects, showing the initial shape of its ecosystem, and it is backed by the renowned VC a16z. Odaily will briefly introduce Spark, the currently issued LRC 20 tokens, and its ecosystem projects in this article.
[The rest of the translation continues in the same professional and accurate manner, maintaining the specific translations for technical terms as instructed.]This is also a token issued by @fspk_spark. The project team realized that the first FSPK total of 21 tokens was too low, so to better support subsequent DEX AMM or Spark DEX swap, on May 21st, the project team announced the issuance of a new token FSPKS to replace the first FSPK. The new FSPKS token will be airdropped to FSPK holders at a ratio of 1,000 tokens per ticket. At the same time, the project team stated that the old FSPK is no longer valid and will not appear in subsequent AMMs.
FSPK (ending with 6c82)
Total token supply: 21 million tokens
Over-the-counter trading price: $4-10 per ticket (1 ticket = 1,000 tokens)
Public key: 0374f5629ac68dbdf9600cc14c763b8be9f1ebb198b3c568b47f9811efbcf56c82
Issuance date: May 11th
Because players encountered too many difficulties with the first FSPK (ending with 8b93), such as transactions that could not be confirmed and tokens that did not arrive, and the first one (ending with 8b93) had a total supply of only 21, @Flashspark_ team airdropped FSPK (ending with 6c82) to the first 21,000 transfer users of the first FSPK (ending with 8b93) in chronological order, including users with confirmed and unconfirmed transactions. Currently, its over-the-counter trading price is $4-10 per ticket, but its consensus is relatively weak.
SAT
Total token supply: 210 trillion tokens
Over-the-counter trading price: Not available
Public key: 02757529fa69b70e55cee583c03d58936c39fff134b83808745db1ff41c1603bdb
Issuance date: May 11th
SAT was also an airdrop by an anonymous Dev to all addresses that minted the first FSPK (ending with 8b93). Due to its inheritance of the traditional massive total supply and zero cost, it has also attracted community attention, but currently has no over-the-counter price.
SNOW
Total token supply: 21 million tokens
Over-the-counter trading price: $19 per ticket
Public key: 0377abadfbab8cc1fd7382fab87835ab062fd72c3ae7662fa6b579210fca16cd59
Issuance date: May 17th
SNOW was launched by the Spark ecosystem project sparksat. It is the first LRC 20 token endorsed by a legitimate project team, so the community has a relatively high degree of recognition. Currently, its over-the-counter trading price is $19 per ticket, with a cost of only $1 (also charged by the project team), and the price has already increased 19-fold.
Early Ecosystem Projects and Tools
The biggest difference between Spark and other fleeting new protocols is that although it is still in its early stages, its ecosystem has some dedicated builders, reminiscent of the early BRC20 ecosystem. In addition to collaborating with Magic Eden, Spark has also established partnerships with the stablecoin issuance protocol brale, planning to launch a stablecoin on Bitcoin; and with Web3 infrastructure Privy to help project teams build dApps on Bitcoin.
Here are the introductions to early Spark ecosystem projects and tools:
sparkscan
sparkscan is the browser for the Spark network. Users can enter Spark network addresses on the website to view token balances, transaction records, etc., and can also enter token public keys to view the number of token holders, total supply, transaction history, and more.
SparkSat
SparkSat is the first fully functional web wallet tool on the Spark protocol. It is also the project team behind the LRC 20 token SNOW and is not operated by the Spark official team. By importing the seed phrase into SparkSat, users can clearly view their asset situation and can directly make deposits and withdrawals on the Bitcoin mainnet and conduct transactions on the Spark network and Lightning Network through SparkSat's frontend. Users can also directly use this tool to issue LRC 20 tokens and view all LRC 20 tokens in one place, making it the "Unisat" of the Spark protocol.
Flashnet
Flashnet is one of only two operators of the Spark protocol and the developer of the Spark browser sparkscan. On February 4, 2025, Flashnet completed a $4.5 million seed round of financing, with investments from UTXO Management, Accomplice, Soma Capital, and others.
Flashnet is committed to building a permissionless, non-custodial, Bitcoin-native DEX, and may also launch a Spark ecosystem DEX in the future. It has also collaborated with the stablecoin issuance protocol brale to launch the Bitcoin stablecoin USDB.
