New Rising Star in the Bitcoin Ecosystem: An Analysis of the Spark Protocol and Its Ecosystem
Recently, a batch of emerging protocols has sprung up in the Bitcoin ecosystem, most of which are merely renovations of inscriptions, lacking substantial content. However, amidst this mixed market, some legitimate teams are still actively developing. On May 20, a well-known trading platform announced a collaboration with the new Bitcoin L2 Spark and plans to hold an event together on May 26. Spark, as an innovative Bitcoin scaling solution, officially launched its mainnet test version on April 29. On May 8, the first LRC20 token FSPK came into existence, and although the minting process was not smooth, it still sparked a strong response from the Bitcoin community. Currently, the OTC trading price of FSPK has reached $12-20 per piece, compared to the minting cost of about $2 per piece, achieving at least a 6-fold appreciation.
This cooperation may indicate the on-chain of LRC20.