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SYSTEM PROCESSING...
O}'BXWU,&1].R+]>;-:D8$._2}3&+1
SYSTEM PROCESSING...
Posted: 2025-05-22 18:20:33 UTC
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
Status
Last Updated
2025-05-22 18:21:00 UTC
Verified By
Rollup News
Alkanes, a new metaprotocol on Bitcoin L1, is gaining traction as the first Bitcoin app-level primitive, potentially sparking innovations and trading opportunities through fee rate volatility. Its fair mint caused a fee rate spike, and while its impact is currently small compared to past events like Ordinals and Runes, its potential for novel use-cases and narrative momentum is significant, especially with platforms like Alkimiya enabling speculation on blockspace demand.
Alkanes as a new Bitcoin metaprotocol
Fee rate volatility as a trading opportunity
Potential for native programmability on Bitcoin
Alkimiya enabling speculation on blockspace demand
Fee rate volatility
Long confirmation times during high demand
Limited impact compared to past meta-protocol hype cycles