Key Metrics
- Current Price: $7.65
- 24h Trading Volume: $2.45M
- All-Time High: $95.52
- Total Supply: 21M ORDI
- Market Cap: $160.67M
- Circulating Supply: 21M ORDI
- All-Time Low: $2.86
- Rank: #315
Project Overview
ORDI (ORDI) holds the distinction of being the first BRC-20 token on the Bitcoin blockchain, utilizing the Ordinals protocol to inscribe data on individual satoshis (the smallest unit of Bitcoin).
The Ordinals protocol was developed by Bitcoin ecosystem developer Casey in December 2022. This groundbreaking protocol assigns unique serial numbers to each satoshi, enabling users to inscribe additional information including text, images, videos, and 3D models.
In March 2023, anonymous developer Domo built upon the Ordinals protocol to create the BRC-20 standard, deploying ORDI as an experimental token. By March 9th, all ORDI tokens had been minted.
Key Takeaway: ORDI serves as both a meme token and a demonstration of the BRC-20 standard's potential within the Bitcoin ecosystem.
Team & Funding
Founder: Anonymous developer known as Domo
Funding: No known institutional investments
Tokenomics
- Token Symbol: ORDI
- Total Supply: 21,000,000
- Token Type: BRC-20
- Minting/Burning: No inflation mechanism
- Distribution: 100% circulating
👉 Explore Bitcoin ecosystem tokens
Frequently Asked Questions
What makes ORDI different from other Bitcoin tokens?
ORDI pioneered the BRC-20 standard, creating a new way to issue tokens on Bitcoin's blockchain without requiring smart contract functionality.
How does the Ordinals protocol work?
The protocol assigns unique identifiers to individual satoshis, allowing users to "inscribe" them with various types of data, effectively creating digital artifacts on Bitcoin's blockchain.
Is ORDI a good investment?
As with any cryptocurrency investment, ORDI carries significant risk. Its value primarily derives from being the first BRC-20 token and its position within the growing Bitcoin Ordinals ecosystem.
👉 Learn about token standards across blockchains
Related Developments
The BRC-20 ecosystem has grown exponentially since ORDI's launch, with over 37,000 tokens created and a combined market cap approaching $1.5 billion. Transaction fees for BRC-20 operations have exceeded 2,369 BTC.
Disclaimer: Project information comes from official team releases and may contain outdated, incorrect, or incomplete data. This content is for informational purposes only and does not constitute investment advice.
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