Daily transactions on the Bitcoin blockchain have reached an all-time high of 682,000, primarily due to BRC-20, the first class of tokens to be built on the blockchain. Nearly 25,000 of these tokens have already been made this year. Although the new class of crypto currently has no specific use beyond speculation, its popularity suggests interest in Bitcoin not just as a store of value or payment method, but as a foundation for developing new coins and applications. Some investors and developers view Bitcoin’s blockchain as a safer basis for creating tokens and applications than Ethereum and Solana.
