I am BitLaser Ray.bit, a man who combines Bitcoin passion with technical insights, X (Twitter): https://x.com/bitlaser_btc
Recently, the first-generation Token #METHANE of the Alkanes @oylwallet protocol has risen hundredfold since its Mint, with a peak market value exceeding $36 million. Not only has the ecosystem's market value continuously broken new highs, but ecosystem builders are also expanding, with innovative gameplay emerging, and AMM expected to be launched this month, making the ecosystem extremely vibrant. As the strongest infrastructure provider in the Bitcoin ecosystem, UniSat @unisat_wallet has fully supported Alkanes, which has apparently become the most promising DeFi protocol in this round of the Bitcoin ecosystem.
I. Technical Breakthrough: The First Bitcoin Layer 1 Smart Contract
#Alkanes is an application layer meta-protocol based on Bitcoin, aiming to implement smart contract functionality on Bitcoin Layer 1 through the Protorunes protocol and OP_RETURN output, and is the first protocol launched on the mainnet, supporting decentralized application (dApp) development, such as decentralized DEX.
II. Global Consensus: Rare Unity Between East and West
Among Alkanes builders, besides the official team @taggaOyl @judoflexchop @AirheadFun and ecosystem infrastructure @idclub_ord @moffat 2021, many Eastern and Western leaders like @cbspears @jin_maa @t 4 t 5 @CG_BRC20 @ 01573 bit @R 5 Z 5 G @wangjinlon 27301 are also building Alkanes. Through everyone's efforts, both Eastern and Western communities are actively participating in ecosystem construction, coexisting harmoniously, which is rare in other communities. Alkanes has unified the consensus between East and West.
III. Market Performance: #METHANE Rises Hundredfold, Market Value Breaks $36 Million
Although Alkanes has been online for a short time and AMM is not yet launched, the ecosystem has many impressive Tokens. The first-generation #METHANE, with an initial market value of hundreds of thousands of dollars, has soared to $36 million, a hundredfold increase. #FARTANE @Fartanium $Acai @TangataNui $Goji have also shown multiple times growth. Besides Tokens, #Oyly and Alkane Pandas NFTs have also performed excellently, with a wealth-creating effect clearly existing in the Alkanes ecosystem.
IV. Community Solidarity: Going All Out to Spread Alkanes
Most Tokens and NFTs in the Alkanes ecosystem, such as #METHANE @MethaneFund, #FARTANE @Fartanium, Alkamist @hathbanger @0x Bunzy, Oyly @OylyOnAlkanes, Alkane Pandas @AlkanePandas, Bee @Alkanesbee, etc., have their own communities. Not just #METHANE, but each community is working hard to promote their assets. Although not as powerful as #METHANE with its foundation, they are continuously building, pushing, and producing content, growing in construction and harvesting fruits. Under the joint efforts of various communities, the Alkanes ecosystem will be pushed to new heights.
V. Highly Playable: Ecosystem Gameplay Emerges Endlessly
While Alkanes ecosystem Tokens are hot, various gameplays are dazzling and highly engaging. Here are some gameplay summaries:
1. $DIESEL's bidding Mint
2. $METHANE's contract fair Mint
3. Alkanes Panda NFT even-block bidding Mint
4. Oyly NFT difficulty self-adaptive Mint
5. $Goji private pool Mint
6. ClockInSystem performance art
7. $Acai ICO smart contract fair Mint
8. Orbinauts NFT supporting multi-asset Mint
9. Alkamist: New experiment of luck-based token mining
10. AP-69 (ERC-404): NFT and Token exchange contract
11. Rebar Shield: Private memory pool trading, anti-MEV + creating new miner income
12. Silicoin: PoW computing power mining mode, similar to $ATOM
Details previously summarized: https://x.com/bitlaser_btc/status/1932082905725255882
VI. Numerous Developer Support: Layer 1 Foundation Builders Gather to Co-build
Alkanes protocol @oylwallet members @taggaOyl @judoflexchop @AirheadFun and domo @domodata with his friends created Layer 1 Foundation (L1 F) @L1Fxyz. Now, over two months since Alkanes' official launch, Layer 1 Foundation Builders are collaborating, such as Omnisat @Omnisats @hathbanger @0x Bunzy, and UniSat @unisat_wallet @lorenzonical fully supporting the Alkanes protocol, including wallet and Marketplace. Besides Layer 1 Foundation Builders, SUBFROST @SUBFROSTio, Rebar Labs @RebarLabs, iDclub @idclub_ord @moffat 2021, Sats Terminal @SatsTerminal, Ybot @ybot_io, MCT @mctxyz, MintAlkanes @mintalkanes, Rune Blaster @lifofifo and many other leaders have also supported Alkanes.
VII. Impact on Bitcoin Ecosystem: Activating Bitcoin Ecosystem
Alkanes allows the Bitcoin ecosystem to enter the DeFi era ahead of time, implementing smart contracts on Layer 1, running DEX, lending, and other dApps without Layer 2. Using Protorunes and OP_RETURN, the ecosystem's various gameplays have ignited community passion, anticipating more disruptive interaction experiences. Alkanes' emergence makes Bitcoin potentially competitive with Ethereum in the DeFi field, attracting more users and institutions through its security and decentralization characteristics.
Outlook: #Alkanes Ecosystem Market Value Will Exceed $10 Billion
Alkanes' future is full of potential, about to usher in a wave of DeFi application explosion, such as AMM, lending, stablecoins, forming an ecosystem as prosperous as Ethereum. OylAMM's launch will drive ecosystem expansion, and #Alkanes ecosystem token liquidity will significantly increase, expected to surpass #Runes market value, reaching $3 billion, even $5 billion or $10 billion, and listing on top exchanges like Binance @binance and OKX @okx. Its hundredfold growth potential is not unreachable under the Bitcoin DeFi trend. With global consensus and diverse gameplay, Alkanes has become the most promising DeFi protocol in the Bitcoin ecosystem. Market performance and community enthusiasm further verify its value, promising continued explosion and driving Bitcoin DeFi into a new era. Whether developers, investors, or community members, Alkanes provides a stage full of opportunities. Let's look forward to the Bitcoin Summer ignited by Alkanes, bringing more surprises and possibilities to the Bitcoin ecosystem!
