Chain Abstraction Explodes in Popularity, Dwarfing BRC-20 and Even AI
- Chain Abstraction is the highest-ranked token standard by growth rate in 2024.
- The token standard grew by 673% between January and August 2024.
- Bitcoin network’s BRC20 decreased by over 72% from January to August.
According to Kaiko AI Research, Chain Abstraction soared 673% between January and August 2024. This remarkable growth makes it the highest-ranked token standard by growth rate among the top four cryptocurrency narratives.
In contrast, BRC20, the blockchain standard of the Bitcoin network, plummeted by over 72% during the same period.
How Chain Abstraction Works
Chain Abstraction is a blockchain standard designed to eliminate the user experience (UX) challenges typically associated with managing multiple blockchains. By simplifying blockchain interactions, it increases the adaptability of b…
The post Chain Abstraction Explodes in Popularity, Dwarfing BRC-20 and Even AI appeared first on Coin Edition.
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Chain Abstraction Explodes in Popularity, Dwarfing BRC-20 and Even AI
- Chain Abstraction is the highest-ranked token standard by growth rate in 2024.
- The token standard grew by 673% between January and August 2024.
- Bitcoin network’s BRC20 decreased by over 72% from January to August.
According to Kaiko AI Research, Chain Abstraction soared 673% between January and August 2024. This remarkable growth makes it the highest-ranked token standard by growth rate among the top four cryptocurrency narratives.
In contrast, BRC20, the blockchain standard of the Bitcoin network, plummeted by over 72% during the same period.
How Chain Abstraction Works
Chain Abstraction is a blockchain standard designed to eliminate the user experience (UX) challenges typically associated with managing multiple blockchains. By simplifying blockchain interactions, it increases the adaptability of b…
The post Chain Abstraction Explodes in Popularity, Dwarfing BRC-20 and Even AI appeared first on Coin Edition.
Read More