UniSat reaches 9,600 users every day amid the success of PIZZA Airdrop
UniSat, a leading bitcoin service provider known for its Ordinals marketplace, recently hit a milestone with nearly 9,600 unique daily users, according to data from Dune Dashboard.
This is a record high on the platform, which shows its growing influence in the crypto community.
PIZZA Airdrop Fuels Unisat's latest addition
Alongside this increase, UniSat held a 43 percent market share among regular market places on the same day. This is the first time UniSat has surpassed 40% market share since September 2023. It surpasses competitors like OKX and Magic Eden, which previously dominated the market.
Read more: Top 5 BRC-20 systems to trade in 2024
Many say UniSat's latest success is its latest BRC-20 airdrop PIZZA. On May 22nd, UniSat announced the deployment of a 5-byte ticker ‘pizza' and today offered a free ‘slice' of pizza to addresses that claim it has been fully distributed.
Following the airdrop, the price of PIZZA jumped from 0.00008910 BTC ($6.18) to 0.000116 BTC ($8.04). However, it is currently stable at 0.0001085 BTC ($7.52) at the time of writing.
This development is particularly noteworthy as Runes token regular transactions show BRC-20 and ordinary transactions. As of June 8, Runes transactions totaled 120,781, while BRC-20 and Ordinals transactions totaled 53,129 and 920 respectively. This trend has been continuing since at least mid-April.
While other token levels have been added to the Bitcoin ecosystem, PIZZA's success demonstrates Bitcoin's evolution beyond a store of value. As Franklin Templeton noted in his April report, the innovations of non-fungible tokens (NFTs) and decentralized finance (DeFi) will drive this change.
Read more: Bitcoin NFTs: Everything you need to know about the tokens
“The past year has seen a renaissance in the activity of Bitcoin innovation and development. Positive progress in innovation is primarily driven by Bitcoin NFTs, known as Ordinals, new fungible standards such as BRC-20 and Runes, Bitcoin Layer-2s and other Bitcoin DeFi premieres,” he said. Wrote the asset management giant.
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