Alkimiya Protocol is live on testnet!
Alkimiya enables the creation, trading, and settlement of synthetic blockspace resources, such as BTC transaction fees and ETH gas.
Every on-chain action has a rippling effect on transaction fees. Previously, users and service providers had little recourse against these wild swings. Soon they can capitalize on this exposure using Alkimiya.
https://t.co/rIFoYaA9rr
Inb4 "Bitcoin is too expensive to use"
You've seen what Yuga Labs can do to gas. You've seen what large liquidations can do to gas. You've seen what Ordinals can do to BTC tx fees.
Now you see Runes coming a mile away. Are you just going to let yourself drown in the mempool?
โณ
The Bitcoin Renaissance: are we all invited or is it just a party for the whales?
With over 63 million inscriptions ($240 million fees spent), NFTs on BTC have become a force to be reckoned with. At the height of the Ordinals frenzy, the average network transmission fee had increased by as much as 25x.
1/11
Memes are from the future. MEV are the echoes of the past.
Bitcoin is the original and the largest memecoin (saying this w/ the greatest respect), and its cultural foundation has been inscribed since the genesis block. Through framing the Chancellor's bailout as an apocalyptic event, it mimics the eschatological beliefs found in many religions. Over the years, increasing skepticism on central banking and the erosion of trust in institutions has allowed every evangelist to further strengthen the value narrative of Bitcoin. This is also what makes Bitcoin so distinguished from everything else.
Itโs a meme crafted for the future: โBitcoin fixes this.โ
The narrative is further amplified by the meteoric price increase. Wealth effects drive attention. Memes thrive in environments of high emotional engagement.