Franklin

Pizza

Bitcoin

April

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/unisat-reaches-user-milestone" data-wpel-link="internal">UniSat Reaches User Milestone</a><br></p>
<p style="text-align: justify">Significant developments continue to unfold in the cryptocurrency market. According to blockchain <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener nofollow" data-wpel-link="exclude">data analysis</a> platform Dune, leading <a href="https://en.bitcoinhaber.net/bitcoin-prices-surge-by-12-8" data-wpel-link="internal">Bitcoin</a> service provider UniSat, known for its role in the Ordinals market, recently achieved a new milestone by recording approximately 9,600 unique daily users. This marks a historic high for the platform, underlining its growing influence within the crypto community.</p> 
<h2 id="why-did-unisat-achieve-such-growth">Why Did UniSat Achieve Such Growth?</h2> 
<p style="text-align: justify">UniSat recently captured 43% of the market share among Ordinals marketplaces, surpassing the 40% mark for the first time since September 2023. This surge placed UniSat ahead of competitors such as OKX and Magic Eden, illustrating its dominant position in the market.</p> 
<p style="text-align: justify">The platform’s recent success is largely attributed to the airdrop event of the BRC-20 token PIZZA. On May 22, UniSat announced the distribution of 5-byte Pizza tokens to eligible addresses. Following this, PIZZA’s price rose significantly, indicating strong market interest and user engagement.</p> 
<h2 id="what-s-happening-on-the-runes-front">What’s Happening on the Runes Front?</h2> 
<p style="text-align: justify">The Runes token standard has seen significant activity, with transactions outpacing those of BRC-20 and Ordinals. By June 8, Runes transactions reached 120,781, compared to 53,129 BRC-20 transactions and 920 Ordinals transactions. This trend has been ongoing since at least mid-April, highlighting the dynamic nature of the Bitcoin ecosystem.</p> 
<p style="text-align: justify">Despite the emergence of other token standards, the success of PIZZA showcases Bitcoin’s evolution beyond merely being a store of value. As noted in Franklin Templeton’s April report, <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">innovations</a> in NFTs and decentralized finance are pivotal in driving this evolution.</p> 
<h5>Key Inferences:</h5> 
<p style="text-align: justify"> • UniSat’s user milestone indicates growing platform influence.<br> • Airdrop events can significantly boost user engagement and market activity.<br> • Runes transactions are leading over other standards, showcasing ecosystem diversity.<br> • Bitcoin’s role is expanding, driven by innovations in NFTs and DeFi. </p> 
<p style="text-align: justify">In conclusion, UniSat’s recent achievements and the ongoing developments in the Bitcoin ecosystem illustrate a period of significant growth and innovation. The increasing user base, coupled with advancements in token standards and decentralized finance, highlights the evolving landscape of the cryptocurrency market.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/unisat-reaches-user-milestone" data-wpel-link="internal">UniSat Reaches User Milestone</a></h5>

UniSat Reaches User Milestone

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