The Reason behind Ordi’s Soaring? Social Media Speculates on Binance Wallet’s Upcoming Introduction of BRC-20 Token Standard, Official Clarification Issued

The motivation behind Binance’s launch of a Web3 wallet that supports ordinals may be related to the success of OKX’s Web3 wallet. In May of this year, OKX’s Web3 wallet introduced the Ordinals market, and quickly gained market acclaim as the preferred platform for entering the Bitcoin ecosystem, thanks to its smooth user experience, comprehensive features, multi-chain support, leading liquidity, and zero transaction fees. According to data from Dune, the trading volume of Bitcoin Ordinals accounts for over 80%, demonstrating the widespread popularity of OKX Wallet in the ordinals market.