Following its launch, the gas fees have continuously surged, while market activities and trading frequency have noticeably increased.
According to Binance, the ORC-20 protocol is an upgrade to the BRC-20 protocol. The ORC-20 protocol aims to improve security and flexibility, support more extensive data formats, and use the UTXO model to prevent double-spending.
GeniiData has become the first platform to launch ORC20 Index which greatly accelerated the development of the ecosystem. The index supports the following features:
• Displaying information on ORC-20 token deployment, including maximum supply, current minting status, and upgradeability
• Providing ORC-20 token holder information
• Recording transaction flows and verifying transaction status
Following the launch of the ORC20 index, the ORC-20 community experienced a rapid growth in attention and engagement. The introduction of the index has facilitated the development of the ecosystem by providing a much-needed reference point for ORC-20 token deployment, holder information, and transaction flow records.
As the first global platform to offer an index based on the ORC-20 specification, GeniiData has played a significant role in promoting the growth of the community. The platform’s commitment to supporting promising ecosystems and expanding its data and analysis capabilities matrix has made it a professional, trustworthy, timely, and easy-to-use cryptocurrency market data platform for investors.