Centralized exchanges are already listing Bitcoin Runes – which ones will be next?

Bitcoin new Runes fungible token standard It launched late Friday alongside the quadrennial push event, and brisk demand has pushed the network's payments to a An unprecedented level On the main blockchain network. Already, at least one centralized exchange (or CEX) has already taken notice and gotten in on the act.

Cayman Islands-based exchange Gate.io has already listed three of its first runes tokens. Bitcoin: Satoshi Nakamoto (No connection with Anonymous Bitcoin creator), MEME • EconomicsAnd WANKO•MANKO•RUNES.

Wanko/Manko•Runes is the unusual symbol there, but the other two symbols have something in common besides the unusual naming scheme (due to protocol naming conventions): in the Runes Protocol.

There was one A mad rush to launch Runes tokens As the protocol went live on Friday, it helped boost the Bitcoin network's payouts to millions of dollars in the first several post-halving blocks.

why? As some creators have said. Decrypt Snatching one of those early spots last week lends the project credibility and perhaps makes it look more attractive (and valuable) to traders. After all, this same design was played with NFT– as a Turns In the past year on Bitcoin, early writing numbers have seen huge amounts of money raised in secondary marketplaces.

It could also lend some credence to these tokens, along with the widespread buzz that allowed those projects to produce quickly after launch and the funding that allowed them to pay huge amounts of network fees right out of the gate. That could be the role of Runes tokens eager to add centralized exchanges to their lists.

There is speculation on social media that those first 10 Runes tokens—some of which haven't actually been deployed yet—are the biggest targets for listing on exchanges. That said, WANKO•MANKO•RUNES has already bucked the trend, perhaps with some inspiration from a story written by Runes Protocol creator Casey Rodermore.

Other popular runes tokens included in the Bitcoin blockchain in the first batch of 10 projects include Rodermore's own cacheless Uncommon•Products (infinite supply), the soon-to-be airdrop dog•Go Associated with Runestone Ordinary Project, and RSIC•GENESIS•RUNE, are also tied to A. An ordinary collection of airRSIC

Centralized exchanges have a way of helping to legitimize the assets, thereby increasing them “The Powder” It could put them on the side of the crypto world and in front of many more eyes. Such exchanges are the main platforms where anyone can buy and sell tokens as opposed to a decentralized exchange that requires identification and details about their customers.

Big players like Coinbase and Binance are centralized platforms- and a Weekend tweet from BinanceSurprisingly, to be It was taken by some traders As a sign of interest from the exchange in Runes.

That's just speculation for now, but Binance is based on Bitcoin. BRC-20 symbols. And the centralized exchange OKX is entering Runes through the “Web3 Marketplace”, which enables peer-to-peer trading, but the main CEX has not yet listed Runes tokens.

Gate.io in particular has a habit of leading the way with the latest innovation in the digital asset space. Last year, the exchange was the first to be listed Ameld, the first and eventually the largest BRC-20 simulator in space. Binance, OKX and other centralized exchanges now list ORDI, and it is one of the top 100 most valuable cryptocurrencies by market cap overall. Will it pioneer the frontier again on Runes, leading the charge that other exchanges will eventually follow?

Runes are a new standard for creating tokens on the Bitcoin blockchain. The protocol comes from the creator of Ordinals—another craze that took off last year and allows people to create NFT-like assets on the Bitcoin blockchain.

Runes differ from Ordinals, however, rather than unique properties, the protocol allows people to create tokens that are not as unique as NFTs but are interchangeable. Consider major networks Ethereum And SolanaHosting new cryptocurrencies that come into existence every day.

With Runes, the idea is that the same thing can be done on the largest and oldest crypto network. Last year's experimental BRC-20 standard did the same thing, but Runes was said to be a more efficient implementation. Even wider appeal. That may be true if more centralized exchanges embrace Runes soon.

Edited by Guillermo Jimenez