Bitcoin ecosystem explosion: RGB, BRC 2.0, SAT 20 who will ignite the next wave of wealth effect?

Original author: golem

Reprint: Daisy, Mars Finance

Recently, the overall activity level of the Bitcoin ecosystem has risen, and many long-developed projects have entered the delivery or new milestone stage, such as RGB, sat 20, BRC 2.0, etc. Odaily Planet Daily will briefly outline the progress of related projects in this article for ecosystem players to explore wealth codes on their own.

RGB Protocol: The first token of the mainnet will be open for claims again on August 14.

The RGB protocol went live on the Bitcoin mainnet on August 7, simultaneously issuing the first token RGB on the mainnet, with a total supply of 21 million tokens, adopting a fair claim model, but each claim requires a fee of about 4 dollars.

According to community estimates, it takes about 24 hours to complete the claim for RGB tokens. However, the actual situation is that, as of now (after 5 days), the progress of RGB token claims is at 60%. The main reason may be that the activity has been too popular, resulting in high website traffic and a long claim queue. Bitlight Labs has repeatedly upgraded servers and paused claims to enhance defense measures against bots and other actions.

According to the official announcement, Bitlight Labs has basically completed the defense measures for robot applications and plans to release Bitlight Wallet v 1.1.3 on August 14, 2025, at 17:00, and reopen the RGB token application. However, only 10% of the tokens will be opened for application testing. If the test results are satisfactory, the remaining progress of the RGB tokens will be gradually reopened.

Although the RGB protocol's launch on the mainnet did not meet user expectations and even faced a lot of FUD, from the application process, Bitlight Labs is still continuously developing and improving while actively combating robotic application behaviors. This has, to some extent, maintained the fairness of the application process and the distribution of token chips, preventing a situation where a large amount of chips is concentrated in the hands of a few, which is beneficial for the future development of the community.

Although there is currently no official trading market, the distributed RGB tokens can be directly transferred through wallets. Currently, the price of a single RGB (50 tokens) is between 10-13 USD, achieving a return on investment of 2-3 times compared to the acquisition cost. Therefore, after the re-opening of the application on August 14, the competition for applications may further intensify. For more information about the RGB protocol and application tutorials, please read the previous article by Odaily. (Related reading: After waiting for two years, is this the RGB protocol that goes live on the mainnet?)

BRC 2.0 Upgrade: Phase One postponed to September 2

BRC 2.0 is an upgrade to the BRC 20 protocol launched by Best in Slot, aimed at enabling EVM-compatible smart contract functionality for all BRC 20 tokens. Best in Slot initially planned to implement the first phase upgrade of BRC 2.0 on the mainnet at block height 909969 (around August 14), enabling 6-character BRC 20 tokens and launching a launchpad. However, due to insufficient preparation, the upgrade has been postponed to block height 912,690, approximately on September 2.

Perhaps due to the delay in the upgrade date, the overall market value of Pre-BRC 2.0 assets has also declined. The current floor price for the first BRC 2.0 concept NFT Adderrels is 0.0076 BTC (approximately 900 USD), down 60% from its peak. However, the Adderrels project team is still operating and has updated the details for staking NFTs to obtain token airdrops. The airdrop will be distributed in three seasons, releasing 8%, 9%, and 10% of the total supply, respectively, with the first quarter token airdrop distributed on September 2 when BRC 2.0 goes live.

Another project claiming to be the first Pre-BRC 2.0 token minted on Ordinals, LIQUID, has moved towards a community CTO. Previously, the original team of LIQUID planned to sell the entire project, causing a wave of panic. Currently, the price of LIQUID is 0.00006 BTC, close to the minting cost.

For more information on the BRC 2.0 upgrade, you can read the previous article by Odaily. (Related reading: Mainnet countdown, BRC 2.0 upgrade ignites BTC ecosystem, leading NFT rises a hundredfold in a month | BTC ecosystem)

SAT 20 Protocol: SatoshiNet Mainnet Launch

The SAT 20 protocol is a BTC native asset issuance and circulation protocol that has been in development for 2 years. Its core feature is the binding of assets to satoshis, allowing them to flow freely with the satoshis. SatoshiNet is a Bitcoin native Layer 2 built on the SAT 20 protocol, based on lightning channels and a parallel BTC network. Its purpose is to expand the liquidity of native assets on the BTC mainnet and to support various protocol assets such as Ordinals, Runes, OrdX, BRC 20, etc. The SatoshiNet mainnet officially launched on August 8, 2025.

The core of SatoshiNet lies in four contract capabilities: Asset Launch Contracts (LaunchPool), Asset Transcend Contracts (Transcend), AMM Trading Contracts (Swap), and Limit Trading Contracts (LimitOrder). These capabilities enable SatoshiNet to have instant settlement, extremely low fees, and compatibility with Bitcoin assets.

Currently, SatoshiNet has deployed four cross contracts, namely BTC, pearl, and rarepizza (ordx assets), DOG•GO•TO•THE•MOON (Runes assets). Ordx is the native asset issuance of the SAT 20 protocol, which is an enhanced version of the Ordinals protocol, and the issued assets are called Satoshi assets ( SAT 20 ASSETS ), with the assets bound to Satoshis and possessing Satoshi attributes. Pearl is the first token of the ORDX protocol and has also become the governance token of the SatoshiNet network.

The publicly disclosed team members of the SAT 20 protocol include market operations and English region business development huige and technical director Jian Gangshan. SATSWAP is the first DEX of SatoshiNet, featuring token launches, trading markets, limit orders, and more.

Although the SAT 20 protocol has been built for two years and has formed a solid community, it has not generated a wealth effect substantial enough to attract more attention from people.

Bitcoin Native Layer 2 Spark: Launchpad Launch

Spark claims to be a Bitcoin-native L2 designed specifically for payments and settlements, but it does not support smart contracts and has its own token issuance standard LRC 20. On August 11, one of the two node operators of the Spark protocol, Spark browser sparkscan Flashnet, conducted testing for the LRC 20 AMM function on Spark, but the testing did not go smoothly, and it is estimated that some time is still needed before the official launch of the DEX.

At the same time, on August 1, the Bitcoin ecological token launch platform Luminex announced a collaboration with Spark to launch a Launchpad, which briefly excited ecological players, but it has not been launched yet. However, on August 11, another LRC 20 Launchpad utxo.fun was launched simultaneously with Flashnet's AMM testing, but it encountered serious issues, and the platform processed user refunds and temporarily prohibited token issuance.

However, despite this, the leading token FSPKS(b 55 e ending with ) of LRC 20 still has a floor price of 100 dollars, which is still a 50-fold return compared to the initial minting cost of 2 dollars. For more information about the Spark protocol, you can read Odaily's previous article (Related Reading: Detailed explanation of Spark and its ecosystem: a16z support, PayPal co-founded new Bitcoin L2).

BitVM 2 Bitcoin Bridge Fiamma: Mainnet Launch

Fiamma is a Bitcoin wealth management platform, with its core products being the non-custodial super app Fiamma One that allows users to earn BTC rewards with one click, and Fiamma Bridge, which is built on BitVM 2. On August 6, Fiamma officially launched, enabling BTC transfers across 11 chains including Ethereum, Arbitrum, Aptos, BNB Chain, and Base.

At the same time, to encourage user participation, Fiamma launched a points task on August 8th. Minting 0.00001 FIABTC will earn 1 Alpaca point, holding 0.00001 FIABTC will earn 3 Alpaca points per month, and depositing FIABTC into the DeFi protocol will earn 12 Alpaca points per month. FIABTC is natively anchored to BTC at a 1:1 ratio, utilizing BitVM 2 technology to achieve minimal trust, while combining Fiamma Bridge and Fiamma One. Fiamma is expected to bring more on-chain returns to BTC holders while ensuring the safety of their funds.