Tap Protocol, designed to support DeFi applications on Bitcoin Ordinals, has become the most active protocol on Bitcoin’s Ordinals network over the past 24 hours. Genii Data indicates Tap Protocol handled nearly double the transactions of BRC-20 or OrdDefi.
While Genii tracks BRC20 activity separately from other protocols, the total activity of all tokens over the past 24 hours comes to 297, while Tap saw 645 transactions.
Further, in terms of market cap, Tap Protocol’s native token, TRAC, is now just behind other Ordinals-related tokens with listings on major exchanges. A surge in user adoption is a sign of early success for Tap in building a decentralized indexer infrastructure.
Tap Protocol recently completed a $4.2 million funding round led by Sora Ventures, attracting venture capital firms like Cypher Capital and angel investors, including executives from Animoca Brands. This capital will support the expansion of Tap’s developer team and further refine the protocol functionalities, which over 14 projects have already adopted.
Analysts see the increased adoption of $TRAC may drive additional infrastructure for Bitcoin’s Ordinals space, potentially echoing DeFi Summer on Ethereum. A more robust network would incentivize developers, furthering innovation on the Bitcoin network, such as the recent TTP Liquid Fund announced on Feb. 13.
Jason Fang from Sora commented on the growth of Tap on X, stating,
“All these data are signs that we’re already on our way to build a fully decentralized indexer economy! The more holders, the more infrastructure supporting $TRAC, the more robust the TAP protocol gets, and the more developers we’ll attract to Bitcoin!”
Tap Protocol’s dominance in Ordinals transactions highlights the liquid landscape of development on the Bitcoin network. With the continued focus on Bitcoin, including companies such as MicroStrategy pivoting to a Bitcoin development company, the spotlight is clearly on Bitcoin protocols.
Disclaimer: Sora Ventures is an investor in Crypto.
clomiphene risks generic clomiphene pill where can i get cheap clomiphene no prescription can you buy clomiphene without rx can i purchase generic clomiphene without insurance clomiphene generic where buy cheap clomid without dr prescription
This is the make of delivery I find helpful.
This website absolutely has all of the information and facts I needed there this thesis and didn’t identify who to ask.
zithromax buy online – zithromax where to buy buy flagyl 400mg generic
buy semaglutide 14mg sale – cyproheptadine 4mg canada buy cyproheptadine pills for sale
order domperidone pill – order cyclobenzaprine 15mg generic brand flexeril 15mg
where to buy amoxicillin without a prescription – diovan 80mg cost order combivent
brand augmentin 1000mg – https://atbioinfo.com/ buy cheap generic ampicillin
order esomeprazole capsules – https://anexamate.com/ buy nexium sale
warfarin 5mg drug – https://coumamide.com/ losartan 25mg canada
mobic 7.5mg drug – https://moboxsin.com/ mobic cheap
prednisone 20mg canada – aprep lson order generic deltasone
new ed drugs – site buy erectile dysfunction medications
amoxil price – buy generic amoxil buy amoxicillin
purchase diflucan for sale – buy fluconazole 200mg order diflucan 200mg online cheap
cenforce 100mg canada – https://cenforcers.com/# buy cenforce medication
cialis tadalafil 5mg once a day – https://ciltadgn.com/# buy generic cialiss
how long before sex should i take cialis – https://strongtadafl.com/ cialis online overnight shipping
zantac 150mg canada – buy ranitidine 300mg online cheap generic ranitidine 300mg
buy viagra uk quick delivery – buy in real viagra viagra 100 mg prices
Thanks on putting this up. It’s okay done. this
Greetings! Jolly productive advice within this article! It’s the crumb changes which will make the largest changes. Thanks a portion quest of sharing! https://ursxdol.com/get-cialis-professional/
Thanks towards putting this up. It’s well done. https://prohnrg.com/
This is the tolerant of enter I recoup helpful. levitra generique en ligne
More posts like this would force the blogosphere more useful. https://ondactone.com/simvastatin/
Thanks on sharing. It’s acme quality.
https://proisotrepl.com/product/cyclobenzaprine/
More posts like this would add up to the online space more useful. http://pokemonforever.com/User-Jjnymj
buy generic forxiga – site dapagliflozin 10 mg without prescription
xenical cost – https://asacostat.com/ orlistat where to buy