🔥 Hot Money Analysis | BRC-2.0: The Next Narrative of Bitcoin's Original DeFi

1. ⚡️BRC-2.0: The Awakening of Bitcoin's Native Power

BRC-2.0 is an evolved version of the Bitcoin Ordinals protocol and the BRC-20 standard, rooted in Bitcoin's PoW (Proof of Work) mechanism and decentralized spirit.

Compared to the token issuance boom of BRC-1.0 in 2023, BRC-2.0 pushes Bitcoin from a "store of value" to a new era of "programmable assets" through an optimized UTXO model, the Runes protocol, and limited EVM compatibility.

Its core advantages are: ✅ Fully on-chain storage: Inscription data is directly embedded in Bitcoin "Satoshi", utilizing the immutability of PoW to ensure the permanence and transparency of NFTs and tokens. ✅ No intermediaries needed: Compared to Ethereum's Layer 2 solutions, BRC-2.0 runs directly on the Bitcoin main chain, inheriting its unparalleled security and decentralization properties. ✅ Community-driven: The meme culture and grassroots projects (such as $SHIT) on platform X have driven the narrative of BRC-2.0, showcasing the original vitality of the Bitcoin ecosystem.

📍Key node: Block 909,969 (expected on August 14, 2025) will trigger the issuance of BRC-2.0 tokens and protocol upgrade, marking the official entry of the ecosystem into the interactive phase.

2. 📊 On-chain activity and native asset compatibility

The BTC block data of BRC-2.0 shows that the daily transaction count has exceeded 120,000, verifying its on-chain interaction capability.

🚀 Thanks to the Taproot upgrade, BRC-2.0 inscriptions support more complex data embedding while maintaining the lightweight nature of the Bitcoin chain.

📌 Asset Compatibility: BRC-20 inscribed assets like $ORDI and $SATS will automatically upgrade to the BRC-2.0 standard at block 909,969, without requiring user manual migration, showcasing the downward compatibility of the Bitcoin ecosystem. 💼 Wallet Integration: Native Bitcoin wallets such as UniSat, Xverse, and Leather now support BRC-2.0 inscription transactions, with OKX and Magic Eden becoming the main trading platforms. On-chain data is synchronized in real-time through the Ordinals indexer.

🗣 "BRC-2.0 allows $ORDI to evolve from meme coin to a cornerstone of DeFi, block 909,969 will be Bitcoin's 'Ethereum moment'."

This native compatibility and decentralized wallet support highlight BRC-2.0's inheritance of the "no intermediaries" spirit within the Bitcoin ecosystem.

3. 🎨 NFT and Inscription Craze: Community-Driven Ecological Experiment

The NFT and inscription project of BRC-2.0 is not only a technological innovation but also a reflection of the culture of the Bitcoin community.

Compared to the off-chain storage of Ethereum NFTs, BRC-2.0 inscriptions are fully on-chain, combining meme culture and a free minting mechanism, igniting an investment boom on platform X.

🔍 Represents the project:

Punkameleons: 3333 NFTs, each bound to 9600 $CHAME tokens, utilizing a "morphing" mechanism that allows NFT holders to dynamically update asset attributes on-chain. Token distribution is expected to start at block 909,969.

Satoshi Puppets: The first puppet-themed NFT that integrates PoW security and DApp logic. The tweet emphasizes its "100% on-chain, trustless" feature, attracting the attention of Bitcoin fundamentalists.

BRC2.0Punks: Inscription numbers 100749211 to 100781723, 100% free minting, all tokens are allocated to NFT holders. The predicted price may pull back to 0.00006 BTC, but community sentiment remains high.

Squirrel Adderrels: The staking amount has surpassed 1911 units, and NFTs are regarded as the "pass" for BRC-2.0 DeFi. It is called the "stepping stone of Bitcoin DeFi," and stakers can earn on-chain token rewards.

BRC Bros ($MUSHROOM): 1985 pixel art NFTs, combining a psychedelic theme, humorously referring to holding the NFT as a "on-chain psychedelic journey." The token $MUSHROOM is distributed through staking airdrops.

These projects have sparked community participation through free minting and on-chain staking, reflecting the original ecological charm of BRC-2.0's "decentralized narrative + meme culture."

4. Engraving Craze: $SHIT, $LIQUID and $DOGOBRC2.0 Community Carnival

BRC-2.0's inscription tokens are centered around meme culture, similar to the early Dogecoin craze on Ethereum, but with greater nativeness and scarcity on the Bitcoin chain. The following projects have sparked heated discussions on platform X:

💩 $SHIT: An on-chain satire of meme culture

Overview: Market cap of about $100,000, total supply of 21 million NFTs, each linked to 1,000 $SHIT tokens, 100% free minting. Dubbed the "ultimate satire of Bitcoin meme coins", the community is highly active.

Native advantages: Inscriptions are fully stored on the Bitcoin blockchain, leveraging the immutability of PoW to ensure the permanent existence of tokens and NFTs.

⚠️ Risk Warning: Although highly entertaining, low market cap and high volatility make it extremely risky. "Only invest spare money and enjoy the meme fun."

💧 $LIQUID: The pioneer of pre-trading

Overview: Inscription numbers 101032820 to 101103574, a total of 50,000 NFTs, each corresponds to 1000 $LIQUID tokens, now launched on Magic Eden.

Ecological advantages: Text inscriptions are directly embedded in the Bitcoin transaction's Venmo witness field, and on-chain storage ensures transparency. The surge in Mempool transactions reflects the community's FOMO sentiment.

📉 Market Dynamics: OKX data shows that the 24-hour trading volume of $LIQUID reached 5.2 BTC, with significant short-term price fluctuations, caution is advised for "running risks."

🐶 $DOGOBRC2.0: The on-chain continuation of dog culture

Overview: Inheriting the DOGE meme gene, it emphasizes community-driven and no pre-sale mechanism. It is speculated that it will combine with the Runes protocol to support rare Bit transactions, but the specific inscription structure has not been announced.

Ecological Advantage: Utilizing the decentralized properties of Bitcoin, tokens are distributed through on-chain staking, referred to as "DOGE 2.0 on the Bitcoin chain."

Community Response: The heat is rapidly rising on platform X, with some users referring to it along with $SHIT and $LIQUID as the "BRC-2.0 Meme Triumvirate."

5. 🧱 Infrastructure: The native ecological pillar of BRC-2.0

The rise of BRC-2.0 relies on infrastructure support, and these tools fully utilize Bitcoin's native features to lower the development and trading thresholds:

BiS SWAP: The first BRC-2.0 native Swap protocol that supports the on-chain exchange of inscription tokens. BiSSwap claims it "makes DeFi on the Bitcoin chain as smooth as Ethereum."

BiS DEX: Optimizes token matching and liquidity, reduces Gas fees based on the UTXO model, and the project team indicates that the testnet deployment has been completed.

Trio DEX: A cross-inscription trading platform launched by Trio.xyz that supports NFT and token aggregation trading. Its UI is simple and suitable for beginners.

CoinCooker: A no-code token issuance platform, @CoinCookerBRC claims it "allows ordinary people to issue assets on Bitcoin."

Hippodrome: A Web3 gaming project that utilizes the honest mechanism of PoW miners to explore on-chain GameFi, predicting it as the "killer application of BRC-2.0".

One2ThreeLabs: Developing Bitcoin SocialFi products, integrating the social attributes of platform X, @One2ThreeLabs reveals that a beta version will be launched soon.

100 Layer: Supports the wrapping of BRC-2.0 tokens to the BTC main chain, enhancing cross-chain compatibility.

6. ⚖️ Disputes and Challenges: Opportunities and Limitations of the Original Ecology

✅ Supporters' Views:

On-chain inscriptions and the Runes protocol make Bitcoin a native platform for DeFi, NFT, and GameFi, calling it the "Renaissance of Bitcoin."

Fully on-chain storage and PoW security ensure asset transparency and censorship resistance, superior to Ethereum's off-chain reliance.

⚠️ Doubters are concerned:

On-chain congestion: FOMO from projects like $LIQUID has led to a significant increase in Mempool congestion costs.

Air asset risk: Meme tokens like $SHIT are easily hyped, reminding investors to be cautious of "air projects".

Fundamentalist Conflict: Some Bitcoin fundamentalists believe that the complex data embedding of BRC-2.0 goes against the original intention of Bitcoin as a "peer-to-peer payment" system.

Seven, how far can the native narrative of 🔮BRC-2.0 go?

BRC-2.0 is based on the native security of Bitcoin and community culture, opening a new chapter in DeFi through inscriptions, NFTs, and meme tokens.

From the parody meme of $SHIT to the pre-trading frenzy of $LIQUID, and then to the community experiment of $DOGOBRC2.0, BRC-2.0 showcases the grassroots vitality and technological innovation of the Bitcoin ecosystem. However, on-chain performance bottlenecks, insufficient user education, and market volatility remain challenges.

🌱 Many projects are starting up, and it's not recommended to participate in all of them. It may be better to observe for a while. Then consider participating in the new projects within the ecosystem.